28 Algoma ST new Save Request In-Person Tour Request Virtual Tour
Toronto W06,ON M8Y 1C3
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,753 sqft
Price per Sqft $835
Subdivision Mimico
MLS Listing ID W12005038
Annual Tax Amount $5,629
Tax Year 2024
Property Sub-Type Investment
Property Description
Newly renovated brick quadplex in Etobicoke. Turnkey Investment opportunity or residential home in the heart of Mimico. A rare find, this low-maintenance brick building offers 4 beautifully updated units, two 2-bedroom units and two 1-bedroom basement apartments. Each unit provides privacy and comfort for tenants including a spacious backyard with greenery and 6 car surface parking. Ideally located close to Mimico GO Train offering a quick and direct commute to downtown Toronto. Enjoy the convenience of nearby shops, restaurants, parks, and the waterfront of Lake Ontario. Recent updates include kitchens, bathrooms, floors, lighting, HVAC and more. Coin-operated laundry income. Sitting on a large lot, this property has potential for expansion offering fantastic opportunity. Whether you're an investor looking for good cash flow or a buyer seeking a multi-unit home with rental income, this four-plex is a must-see. Don't miss out on this prime opportunity! Estimated property cap rate: 4.87%. See attached feature sheet for additional estimated financial information. This property presents a strong investment opportunity with consistent income, reasonable expenses, and potential for growth.
Location
Province ON
County Toronto
Community Mimico
Area Toronto
Interior
Heating Yes
Cooling Yes
Exterior
Community Features Major Highway,Public Transit
Utilities Available Available
Others
Virtual Tour https://houses-by-hilary.aryeo.com/sites/28-algoma-st-toronto-on-m8y1c3-2568300/branded