• MLS# W7313994
  • Price $3,079,000.00
  • Bedrooms 6
  • Bathrooms N/A
  • Property Type Multi-Family
  • Transaction Type For sale

Description

Welcome to 40 Cavell Ave, a 6-unit Multiplex with a tremendous 4.26% Cap rate, in an area experiencing an incredible amount of growth by way of several mixed-use condo development projects nearby. A fantastic opportunity for investors looking to secure a foothold in the area. 3 2-bedroom apartments, 1 Massive 1-bedroom apartment, & 2 1-bedroom apartments. Set your own rate in two empty units (2 bed and 1 bed). Modern Upgrades to majority of units, hallways, stairs, and exterior. Separately metered units (7), Coin Laundry for added Income, Expansive Rear Parking – 8 spots. Opportunity to add units to existing structure, Large Tenant Green Space in Front Yard. Steps to Mimico Go Station, QEW, Lakeshore, Parks, Schools, San Remo’s. High Return, minimal management turn-key building. Fire Inspection 2021.**** EXTRAS **** Newer Furnace & Boiler (6 years), 4080 square feet above grade, and additional almost 2000 square feet below grade. VTB Mortgage available. (id:34918)

Mortgage Calculator

Mortgage Amount
$800,000

Down Payment Amount
$200,000


Monthly Mortgage Payment
$5,000