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)
BusinessType | Residential |
BusinessSubType | Apartments |
MLS® Number | W12160338 |
Property Type | Multi-family |
Neigbourhood | Alderwood |
Community Name | Alderwood |
AmenitiesNearBy | Public Transit |
Appliances | Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator |
CoolingType | Fully Air Conditioned |
HeatingType | Other |
SizeInterior | 2400 Sqft |
Type | Multi-family |
UtilityWater | Municipal Water |
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
Contact us for more information
Errol Paulicpulle
Salesperson
Lesia Szewczuk
Salesperson