231 Melrose ST Pending Save Request In-Person Tour Request Virtual Tour
Toronto W06,ON M8Y 1B8
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Pending
Purchase Type For Sale
Approx. Sqft 5000 +
MLS Listing ID W9297693
Style 2-Storey
Bedrooms 9
Annual Tax Amount $15,801
Tax Year 2023
Property 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 And 3 1-Bedroom Units With 2 Balconies. These 15 Bedrooms In Total Produce About $172k Of Gross Annual Rental Income With A Potential To Further Improve Easily. This Building Is Always Fully Rented Due To Great Management And Care By The Owner, And Offers A Fabulous Up-Side On Tenant Turnover. This Could Account Upward Of 5.7% Of The Return On The Investment Plus A Building Ownership That Grows Equity! 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.
Location
Province ON
County Toronto
Rooms
Family Room No
Basement Finished
Kitchen 9
Interior
Interior Features Intercom,Separate Hydro Meter,Separate Heating Controls
Cooling Window Unit(s)
Fireplace No
Exterior
Exterior Feature Controlled Entry
Garage Private
Pool None
Waterfront No
Roof Type Asphalt Shingle
Building
Unit Features Hospital,Public Transit,School
Foundation Concrete
Others
Security Features Carbon Monoxide Detectors,Security System,Smoke Detector