• MLS# W7041164
  • Price $2,900,000.00
  • Bedrooms N/A
  • Bathrooms N/A
  • Property Type Residential Commercial Mix
  • Transaction Type For sale

Description

Right in the Heart of Mimico Village and Perfectly Located for Subway Bus, Lakeshore Streetcar, No Frills Supermarket, San Remo Bakery, Mimico Go Train Station, Lakefront Parks, Major Highways, Downtown Toronto, Great, Fully Renovated and Tenanted Commercial Building consisting of 56 Mimico Avenue, 120, 122, & 124 Queens Avenue. Main Floor Commercial Space of 650 sq. ft, used as Busy Ladies Hair Salon, plus 3 x 2 Bedroom Apartments, 1 x 1 Bedroom Apartment. Mechanical Upgrades done over the past few years include Roof, Windows, Electrical, Plumbing, Heating ( New Wall Mounted Gas Boiler ). Excellent Financials , Gross Income approximately $105,000, Expenses approximately $10,000 ( NOTE: Tenants pay $3,000. per year of the Annual Property Taxes and their own Hydro and Hot Water, ) Net Income approximately $95,000. Very good Tenants, See Attachment for Financials.**** EXTRAS **** Full address is 56 Mimico Ave & 120, 122 &124 Queens Ave. (id:34918)

Mortgage Calculator

Mortgage Amount
$800,000

Down Payment Amount
$200,000


Monthly Mortgage Payment
$5,000