LOADING

521 Brown's Line Toronto, Ontario M8W 3V1

2400 sqft
Fully Air Conditioned Other

$2,499,900

Fully Renovated Six units. 5% CAP RATE! Assumable mortgage of $1,745,000 at 4.25% (to 2032).CMHC-Insured Mortgage. South Etobicoke Gem. 5.5% return on cash! All units renovated to New Condo Standard! Exceptional turnkey 6-unit building fully gutted and renovated in 2021/2022 to condo standards. Each unit features new kitchens, soft close cabinet doors, new bathrooms, new flooring, and includes 6 new appliances (fridge, stove, dishwasher, microwave, washer, and dryer). Upgraded mechanicals, new high-efficiency furnace, 6 new (wall mounted) AC systems, and modern finishes throughout make this a rare hands-off investment. Strong rental income with a current 5% cap rate. Private drive with parking for 5 cars. Outstanding investor advantage with an assumable CMHC-insured mortgage of $1,745,000 at 4.25%fixed until December 2032, providing below-market financing and excellent cash flow stability. Located in desirable South Etobicoke, close to transit, major highways, and amenities. A rare opportunity to own a fully stabilized, low-maintenance asset with built-in financing in a high-demand rental market. All rents are market or above (one unit vacant for showings). (id:61852)

Business

BusinessType Residential
BusinessSubType Apartments

Property Details

MLS® Number W12160338
Property Type Multi-family
Neigbourhood Alderwood
Community Name Alderwood
AmenitiesNearBy Public Transit

Building

Appliances Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator
CoolingType Fully Air Conditioned
HeatingType Other
SizeInterior 2400 Sqft
Type Multi-family
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Public Transit
SizeDepth 115 Ft ,4 In
SizeFrontage 40 Ft
SizeIrregular 40.05 X 115.37 Ft
SizeTotalText 40.05 X 115.37 Ft
ZoningDescription Rm9u3*18)

https://www.realtor.ca/real-estate/28339405/521-browns-line-toronto-alderwood-alderwood

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Errol Paulicpulle
Salesperson


Harvey Kalles Real Estate Ltd.
2145 Avenue Road
Toronto, Ontario M5M 4B2

Lesia Szewczuk
Salesperson


Harvey Kalles Real Estate Ltd.
2145 Avenue Road
Toronto, Ontario M5M 4B2

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