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$1,099,000
156 ROYAL YORK ROAD
Toronto, Ontario, Ontario, M8V2V3
MLS® Number: W12406957
Property description
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.
Building information
Type
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Appliances
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Basement Features
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Basement Type
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Construction Style Attachment
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Cooling Type
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Exterior Finish
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Flooring Type
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Foundation Type
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Heating Fuel
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Heating Type
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Size Interior
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Stories Total
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Utility Water
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Land information
Sewer
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Size Depth
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Size Frontage
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Size Irregular
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Size Total
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Rooms
Ground level
Bedroom 2
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Bedroom
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Dining room
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Living room
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Kitchen
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Basement
Bedroom
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Living room
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Kitchen
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Second level
Office
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Bedroom
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Dining room
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Living room
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Kitchen
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Courtesy of REAL ESTATE HOMEWARD
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