231 Melrose St Toronto, ON M8Y 1B8
Listing Courtesy of: TORONTO IDX / Right At Home Realty

  231 Melrose St Toronto, ON M8Y 1B8

Active
$3,495,000
15
BED
9
BATH
5000+
SQFT

Description

A Wonderful Opportunity To Own This Purpose-Built Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The Solid Brick 9-Plex Consists Of 6 2-Bedroom Units And 3 1-Bedroom Units With Balconies. These 15 Bedrooms In Total Have A Potential Of Producing Approximately $268,800 In Gross Annual Earnings, Which Makes This An Amazing Investment Opportunity. This Building Is Always Fully Rented And Offers A Fabulous Up-Side On Tenant Turnover That Would Account For About 5.7% Of Return On The Investment Plus A Building Ownership! The Units Are Updated And Bright, Very Clean & Easy To Rent. Very Well Managed Building With Great Tenants, In A Perfect Location, Near GO Station, Amenities, The Lake And The Gardiner ExpressWay.

MLS®:
W8454102
Taxes
$15,801(2023)
Type
Multifamily
Style
2-Storey
County
Toronto
Community
Mimico

Listed By

Right At Home Realty
Source
TORONTO IDX
Last checked Jul 15 2024 at 3:54 PM GMT+0000
Bathroom Details
Interior Features
  • 2 Balconies
  • 9 Surface Parking Spots
  • 9 Individual Hydro Meters
  • Tenants Pay Their Own Hydro Except Unit 1a.
Heating and Cooling
  • Radiant
  • Window Unit
Basement Information
  • Finished
  • Other
Exterior Features
  • Brick
Utility Information
  • Sewer: Sewers
  • Fuel: Gas
Garage
  • None
Location
   
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Disclaimer: Copyright 2024 Toronto IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/15/24 08:54