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. (id:52316)
REAL ESTATE HOMEWARD
$1,099,000
156 ROYAL YORK ROAD, Toronto, Ontario
3 Bedrooms
3 Bathrooms
Property
MLS® Number: W12406957
Address: 156 ROYAL YORK ROAD
City: Toronto
Exterior: Brick
Utilities
Heating: Forced Air, Natural Gas
Parking
Parking Spaces: 3
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Property Sale History
Travel and Neighbourhood
80/100Walk Score®
Very Walkable
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Location
