40 Cavell Avenue, Toronto, ON M8V 1P2, Toronto W06, ON
Bed 9
Bath 6
Welcome to 40 Cavell Ave, A 6-unit Multiplex that provides a 4.3% Cap Rate. Current actual Net Income of $124,870. 40 Cavell is located in the Mimico Area of Toronto (Etobicoke), an area experiencing an incredible amount of growth by way of several mixed use condo development projects nearby. A fantastic opportunity for investors looking to get a foothold in the area. 3 2-Bedroom apartments, 1 Extra Large 1-Bedroom apartment, & 2 1-Bedroom apartments. Modern upgrades to 4 out ofthe 6 units as well as common areas and exterior. 7 separately metered units, Coin Laundry for added income, and expansive rear parking - 8 spots. Opportunity exists to add units to existing structure. Large Tenant Green Space in front yard. Steps to Mimico Go station, QEW, Lakeshore, parks, Schools, San Remo Bakery. High return, minimal management turn-key building. **EXTRAS** Newer furnace and boiler (6 years). Fire Inspection 2021. 4800 Square Feet above grade and an almost 2000 square feet below. Recent vacant units were leased in less than a week for full ask - high demand area.
Property Highlights
For Sale
MLS NO.
W9767744
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
9
Bathrooms
6
Parking
8.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Expired
Contract Status
Unavailable
MLS® Number
W9767744
Total Bedrooms
9
Bedrooms Above Grade
9
Total Bathrooms
6
Total Kitchens
6
Kitchens Above Grade
6
Rooms Above Grade
27
Interior Features
Other
Fireplace
No
Central Vacuum Yn
No
Construction
Brick
Roof
Unknown
Lot Width
29.64
Parking Features
Available
Parking Total
8.0
Covered Spaces
0.0
Garage Type
None
Pool
None
Direction Facing
North
Cooling
None
Heat Source
Gas
Heat Type
Radiant
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
40 Cavell Avenue, Toronto, ON M8V 1P2
City
Toronto W06
Neighbourhood
Mimico
County / Region
Toronto
Province / State
ON
Postal Code
M8V 1P2
Cross Street
Royal York and QEW
List Price
$2,799,000
Annual Taxes
$8,256
Tax Year
2023
Legal Description
Irregular 66.1 feet wide in rear
Possession Details
Flexible
Listing Office
ROYAL LEPAGE SIGNATURE REALTY
Board
Toronto Regional Real Estate Board
Original Entry
2024-10-29T18:14:24Z
Media Updated
2024-10-29T18:14:24Z
Photos Updated
2024-10-29T18:14:24Z
Last Modified
2025-04-25T05:15:29Z
System Modified
2025-10-11T19:18:55.707805Z
MLS Status
Expired
Architectural Style
2-Storey
Basement
Finished
Ddfyn
Yes
Expiration Date
2025-04-24
Foundation Details
Unknown
Heat Source Multi
Gas
Heat Type Multi
Radiant
Hstapplication
No
Occupant Type
Owner+Tenant
Originating System Id
A00001796
Parking Spaces
8
Public Remarks
Welcome to 40 Cavell Ave, A 6-unit Multiplex that provides a 4.3% Cap Rate. Current actual Net Income of $124,870. 40 Cavell is located in the Mimico Area of Toronto (Etobicoke), an area experiencing an incredible amount of growth by way of several mixed use condo development projects nearby. A fantastic opportunity for investors looking to get a foothold in the area. 3 2-Bedroom apartments, 1 Extra Large 1-Bedroom apartment, & 2 1-Bedroom apartments. Modern upgrades to 4 out ofthe 6 units as well as common areas and exterior. 7 separately metered units, Coin Laundry for added income, and expansive rear parking - 8 spots. Opportunity exists to add units to existing structure. Large Tenant Green Space in front yard. Steps to Mimico Go station, QEW, Lakeshore, parks, Schools, San Remo Bakery. High return, minimal management turn-key building. **EXTRAS** Newer furnace and boiler (6 years). Fire Inspection 2021. 4800 Square Feet above grade and an almost 2000 square feet below. Recent vacant units were leased in less than a week for full ask - high demand area.
