231 Melrose St

Mimico, Etobicoke, Toronto

231 Melrose St
231 Melrose St
231 Melrose St
+32
15
 bed
9
 bath
9
 parking
-
 sqft
For Sale
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9 days
 on site
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$3,999,900
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Directions
Size
-
Lot size
580.64 sqm
Street frontage
S
Possession
Immediate
Price per sqm
-
Taxes
$15,801.15 (2023)
Parking Type
-
Style
2-Storey
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Description
Don't Miss Out On The Incredible Opportunity To Own This Purpose-Built, Legal Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The Solid Brick 9-Plex Consists Of 6 2-Bedroom, 2 1-Bedroom Units & A Studio Apartment, 15 Bedrooms In Total! Potential Gross Income Is Approximately $268,800.00, Which Makes This An Amazing Investment Opportunity. This Building Is Always Fully Rented And Offers A Fabulous Upside Potential 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.

EXTRAS: 9 Parking Spots, 2 Balconies, 9 Individual Meters, Tenants Pay Their Own Hydro, Except Unit 1A.
Broker: RIGHT AT HOME REALTY
MLS®#: W8267086
Property details
Parking:
9
Parking type:
-
Property type:
Multiplex
Heating type:
Radiant
Style:
2-Storey
MLS Size:
+465 sqm
Lot front:
15.24 M
Lot depth:
38.1 M
Listed on:
Apr 25, 2024
Show all details
Mariya Lopez Torres
Sales Representative
Property.ca Inc., Brokerage
647-492-0387
© Property.ca Inc., Brokerage
MLS#: W8267086
Listed by RIGHT AT HOME REALTY

About 231 Melrose St

231 Melrose St is an Etobicoke multiplex for sale right off South Kingsway and South Of Qew. It has been listed at $3999900 since April 2024. This (around) 5000 sqft multiplex has 15 beds and 9 bathrooms. 231 Melrose St resides in the Etobicoke Mimico neighbourhood, and nearby areas include Stonegate Queensway, New Toronto, Swansea and Islington-City Centre West.

Recommended nearby places to eat around 231 Melrose St, Toronto are Caribbean Breeze, Revolver Pizza and Sanremo Bakery. If you can't start your day without caffeine fear not, your nearby choices include La Sirena Espresso Bar & Gelato. Groceries can be found at Cosimo’s No Frills which is an 8-minute walk and you'll find B.Well Pharmacy a 7-minute walk as well. Love being outside? Look no further than Mimico Linear Park, Humber Bay Park West Off-Leash Dog Park or Humber Bay Park East, which are only steps away from 231 Melrose St, Toronto.

Transit riders take note, 231 Melrose St, Toronto is a short walk to the closest TTC BusStop (PORTLAND ST AT WESLEY ST WEST SIDE) with (Bus) route 76 Royal York South. ROYAL YORK STATION - EASTBOUND PLATFORM Subway is also a 4-minute drive. For drivers, the closest highway is Gardiner Expressway and is within a 4-minute drive from 231 Melrose St, making it easier to get into and out of the city using on and off ramps on Islington Ave.