$1,099,000
About this Semi-Detached
Wonderful investment opportunity. Currently set up as three completely renovated apartments. Great house extensively renovated in 2012-13. Perfect turn key investment with all three apartments currently rented on a month to month basis. Cap Rate of 4.37%!! Located in the heart of Mimico, steps to transit and the GO line. Just a short stroll to the lake and Mimico village. Great for first time home buyers with a double income to help pay the mortgage. Large private backyard, and parking for up to three cars. Don't wait, take advantage of the current buyer's market. This property is priced to sell. Rents are as follows. Basement $1350, Main floor $1750, Second Floor $1900. Total monthly income of $5000. Gross yearly income is $60,000. Operating expenses for 2024 $12,000. Net income $48,000.
Listed by REAL ESTATE HOMEWARD.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Brixwork for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Brampton Real Estate Board, Durham Region Association of REALTORS®, Mississauga Real Estate Board, The Oakville, Milton and District Real Estate Board and the Toronto Real Estate Board which assumes no responsibility for its accuracy.
Features
- MLS®: W12406957
- Type: Semi-Detached
- Bedrooms: 3
- Bathrooms: 3
- Square Feet: 1,100 sqft
- Lot Size: 3,276 sqft
- Frontage: 28.00 ft
- Depth: 117.00 ft
- Taxes: $3,956 (2024)
- Parking: 3 Attached
- Basement: Apartment
- Style: 2-Storey
