2.91% assumable mortgage due June 2030 with an extremely low monthly payment of only $7,988! This turn key six-plex contains 5-two Bedroom units and 1-bachelor unit. Building and units were fully renovated in 2019, down to the studs. All units fully renovated throughout with quality, long lasting finishes including new kitchen, bathrooms, radiators, floors, appliances, in-wall AC units and in-suite washer/dryer. The building has new electrical & plumbing throughout, furnace, on-demand hot water, FOB entry and security cameras. Essentially a no maintenance building. All units fully tenanted, at market rent. A once in a lifetime opportunity to go back in time and buy with low rates. Individual hydro meters. 5 car parking. $500,000 of interest rate savings over the remaining term of the mortgage (5 years) using todays rates.

Mortgage of $2,100,000 at 2.91% monthly payments of $7,988 due June 1st, 2030. Original amortization of 40 years. Total sq. ft. of 3,648 as per floor plans includes. All units are renovated the same as the unit in the photos.

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.

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.

An exceptionally unique property effortlessly combines the comforts of urban living with the charm of a cottage retreat right in your backyard. Nestled serenely on a cul-de-sac, the rear of the property opens up generously, stretching nearly 100 feet to meet the embrace of a lush ravine for ultimate privacy. A builder's very own custom home, showcasing premium finishes, advanced efficiency, and an array of smart home features. Imported German Kitchen and Millwork, Italian porcelain slabs grace the main areas, and white oak floors add a touch of natural elegance. The wood-burning fireplace creates a cozy focal point, harmonizing with the soaring 13-foot ceilings in the living room.  Incorporating the beauty of the outdoors seamlessly, with large windows in every room, and multiple walkouts beckon you to step into backyard panorama.  Practicality of ample storage, custom closets, multiple laundry areas, and a mudroom with a dog wash for your furry friend.

Living

4th Br

Bathroom

Common Rm

Dining

Kitchen

Powder Rm

Prim Bdrm

2nd Br

3rd Br

Right in the Heart of Mimico Village and Perfectly Located for Subway Bus, Lakeshore Streetcar, No Frills Supermarket, San Remo Bakery, Mimico Go Train Station, Lakefront Parks, Major Highways, Downtown Toronto, Great, Fully Renovated and Tenanted Commercial Building consisting of 56 Mimico Avenue, 120, 122, & 124 Queens Avenue. Main Floor Commercial Space of 650 sq. ft, used as Busy Ladies Hair Salon, plus 3 x 2 Bedroom Apartments, 1 x 1 Bedroom Apartment. Mechanical Upgrades done over the past few years include Roof, Windows, Electrical, Plumbing, Heating ( New Wall Mounted Gas Boiler ). Excellent Financials , Gross Income approximately $105,000, Expenses approximately $10,000 ( NOTE:  Tenants pay $3,000. per year of the Annual Property Taxes and their own Hydro and Hot Water, ) Net Income approximately $95,000. Very good Tenants,  See Attachment for Financials.

Full property address: 56 Mimico Ave, 120, 122 & 124 Queens Ave.

Over 4100sqft of living space in this new Modern with too much to list. Grand 10' ceilings welcome you to the open concept floorplan featuring top-notch kitchen finishes incl custom cabinets,DBL waterfall honed granite island & built-in high-end appliances.Custom woodgrain built-ins flank the porcelain slab w/linear Fireplace in the family room which leads to the floor to ceiling patio doors providing access to outdoor covered patio & composite deck. Mudroom w/custom cabinets gives access to garage. Open-tread staircase w/glass railing takes you to the 2nd level which boasts 10' ceilings, skylights, 4 BDRMS, 3 baths, all with HIGH-END finishes incl. heated floors, custom cabinets & giant balcony off the primary bd. The basement has nanny suite potential & features separate walk-up entrance, 9' ceilings, in-floor radiant heat, sleek wetbar and 3pc bath to compliment the exercise area and large rec room. SUPERIOR finishes! LAKE VIEWS ON BOTH BALCONIES!

Pantry

Mudroom

Family

Buy With Only $760K Down! Six Plex, Fully Renovated In 2018! 4% Cap Rate! New Furn, New Kit (With Quartz Counters), New Baths, New Apps, New Wall Ac Units, New On Demand Hwt, New Security System W/Cameras. New Wiring, Bsmt Height 6Ft 4In, 6 Meters, 200 Amp Service, 5 X 2 Bed, 1 X Bach, All Units Have Central Ac & 6 Apps (Stove, Fridge, Dw, Wash, Dryer, Micro). $140K Gross, $19K Exp. $120K Estimated Net. 5 Car Pkg/ Priv Drive, Low Maint

Buy With Only $760,000 Down And Assume Existing Financing (Oac) Monthly Payments Are $7,988 First Mortgage Of $2,239,853 At 2.91% Due June 1st 2030, Total Sq. Ft. Includes Bsmt 3648 As Per Floor Plans.

Utility

Master

Stunning 1/4 Acre Lot with Huge Backyard in Lake Shore Missisauga!This property offers a spacious 4-bedroom home upstairs, with a main floor bedroom and full washroom - perfect for guests. The finished basement adds to nearly 5000 sq ft of living space.The garage easily fits a 21 ft boat, ideal for boating enthusiasts. The 52x200 ft lot has room for an additional garden suite. You're walking distance to Lakefront Promenade Marina, Promenade Park, and the new Lakefront development. With 5+3 bedrooms, this property is a dream! Don't miss this incredible opportunity - schedule your viewing today!

5th Br

Study

Come and fall in love with 47 Ambleside. This home is a true show-stopper. This stunning 4+2 bedroom, six-bathroom home epitomizes elegance and modern living. From the moment you step inside, you'll be captivated by the impeccable attention to detail that defines this magnificent residence. The open-concept main floor boasts high ceilings and exquisite tile and hardwood floors, creating a seamless flow between the classic living areas and the gourmet kitchen. The kitchen is a chef's dream, featuring top-of-the-line stainless steel appliances, custom cabinetry, and a spacious island that is perfect for entertaining or casual dining. Natural light floods the home through large windows, accentuating the thoughtfully designed spaces. Each of the six bathrooms is a masterpiece on its own, showcasing luxurious fixtures, elegant tiling, custom mirrors and serene color palettes that invite relaxation. The outdoor space is equally impressive, with a pool-sized lot, and a spacious deck that serves as an ideal setting for gatherings or quiet mornings with a cup of coffee. Located in a highly desirable area, this home is within great school districts (Castlebar JS, Norseman JMS and Etobicoke CI) and a short walking distance to Bishop Allen Academy, Etobicoke School of the Arts, and Karen Kain School of the Arts. For those who commute, a brief bus ride will take you directly to Bloor Street and the subway, making this location perfect for families and professionals alike. This is truly one of the most beautiful homes you will encounter, offering a perfect blend of luxury, comfort, and convenience all designed with an eye for the finest details.

2 Separate Heating/Cooling Systems , HRV System, Security Cameras, Built In Speakers, 14" Ceiling Height Car Grg with Room For Car Lift, Natural Gas BBQ Hook Up, Cvac Ready, Natural Composite Decking with Glass Balustrade and Custom Fence.

Office

Laundry

Nestled on a private, tree-lined street, this beautiful custom-built home offers over 4,600 sqft of living space (incl. fully finished basement with walkout).With a fenced, pool-sized yard, this home is designed for comfort and style, featuring 4 spacious bedrooms + 2 additional rooms in the basement & 5 well-appointed bathrooms. The main floor showcases an open-concept design with 10-footceilings, ample natural light, and custom built-ins throughout. Enjoy high-end appliances, including a Wolf stove and cooktop, in a kitchen that opens to a living and dining area, perfect for entertaining. A private office offers a quiet workspace, and a walkout to a covered deck overlooks the expansive backyard. Upstairs boasts 9-foot ceilings w/stunning primary suite featuring a walk-in Closet, coffered ceiling, 5-piece ensuite, and a private deck. The finished basement with 2bedrooms, a full closet, washer/dryer hookup & kitchen provides extra living space for: a gym, nanny suite, or apartment

located in a great school district (Norseman, Castlebar, Holy Angels, BA, ESA etc.) close to highways Gardiner Expressway/QEW/427. Conveniently located close to shops, parks, restaurants, TTC and Sherway Gardens w/quick commute to downtown.

Other

Modern Architectural Custom Home, Built With Exquisite Design Elements Throughout. Feauturing 10 Ft Ceilings And Large Windows, This Home Truly Embodiess Many Luxurious Components. Home Office Equipped With A Separate Entrance, Suitable For Professionals. Radiant Heated Driveway And Basement Floor. Minutes To Subway And Ttc. Vibrant And Dynamic Community, Minutes From The Downtown Core. Prepare To Be Blown Away.

Thermador S/S Gas Cooktop, B/I Oven/Mw, Panelled Frdge And Dw, B/I Coffe Machine, Modern Fireplace, 2 Walk-In Closets,White Oak Floor & Stairs, Custom Built Wine Cellar, Bar, Walk-Up, Sprinkler System, Quality Fixtures And Custom Millwork

Foyer

4 car garage, 5 Specious bedrooms & 6 Washrooms with attached on ensuite. Good size office/ den. Separate living, formal dining, family room, and theatre room in the basement. Near Dixie Lakeshore Mississauga. Master bedroom with private good size balcony. Other bedrooms are good size. All can accommodate king-size beds. Legal basement apartment. Walking distance to the lakefront, new waterfront development on the way, Sherway garden at 5 minutes drive, QEW 5 minutes away.

Great Rm

Gorgeous Custom Built Over 4000 Sq Ft Of Stunning Upgraded Living Space, Premium Sunnylea Location With A Large 55 Ft X 110 Ft Treed Lot,Bright And Spacious Floor Plan,Pride Of Ownership, Spotless,Thousands In Upgrades And Finishes,Quartz Countertops & Backsplash, Moulded Waffle Ceiling, Multiple Skylights, Cast Stone Fireplace,Plaster Crown Moldings, Porcelain Tile, 9 Ft Ceiling On Main Flr, 10 Ft Ceiling In Prim Bedrm, Heated Flr In Ensuite, Rain Shower Heads, Oval Soaker Tube, Huge Walk-In Closet,Pot Lights( Interior & Exterior ),Designer Chef's Kitchen With Premium Miele Appliances,Pot Filler,Bertazzoni Range Hood, Outstanding Finished Basement With Separate Entrance With Mudroom, Laminate Flooring Made In Germany, 2nd Floor R/I Laundry,Oak Staircase W/Wrought Iron Spindles, 8 Ft Craftsman Frt Door(Multi Locking),Custom Wood Deck, Upgraded Landscaping With Professional Arbourist,Oversized Garage, Interlock Driveway,Too Many Upgrades To Mention, Approx 1 Km Walk To Royal York Subway

Hwt(R),Water Softner(O),High Eff Furnace,Humidifier,Gas Hook-Up For Bbq,200 Amp Service,Oversized Windows,Electric Light Fixtures,B/I Ceiling Speakers,B/I Miele Appiances,Wine Fridge,Wa/Dr, Garage Dr Opener,Central Vacuum,Sprinkler System.

Breakfast

Excellent opportunity to own an Investment Property close to The Lake.  9-Plex Multi Residential bricks exterior Building With 9 Self Contained Apartments. Completely renovated 4-2Bdrm & 5-1Bdrm Units and 11 surface Parking. Separate Hydro Meters for all units. Total power is  400 Amp. Sought After Long Branch Area With Very Low Vacancy Rates. Tenants Pay their Own Hydro. VTB is available for qualified buyers. VTB can be negotiated as first or second mortgage.

9 Fridges, 9 Electric Stove, Coin-Op Washer & Dryer, New Flat Roof (2020), HD Cameras and Monitoring System, Fire-Rated Doors. Hot Water Tank. Gas Boiler. All Electric Light Fixtures, All Existing Fire Monitoring Equipment.

28 Third Street, Toronto
Home for Sale

MLS#: W10422790

About this Listing

Listing Details

$6,903
Taxes

50x57
Lot Size

Finished
Basement

Rooms

Area

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