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$ 1,099,000
Est. payment /mo
New
156 Royal York RD Toronto W06, ON M8V 2V3
3 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Semi-Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision Mimico
MLS Listing ID W12406957
Style 2-Storey
Bedrooms 3
Annual Tax Amount $3,956
Tax Year 2024
Property Sub-Type Semi-Detached
Property Description
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.
Location
Province ON
County Toronto
Community Mimico
Area Toronto
Rooms
Family Room No
Basement Apartment
Kitchen 3
Interior
Interior Features Accessory Apartment
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 28.0
Lot Depth 117.0
Total Parking Spaces 3
Building
Foundation Block
Listed by REAL ESTATE HOMEWARD
