231 Melrose St, Toronto

231 Melrose St, Mimico, Toronto M8Y1B8

2-Storey, Multiplex Property
39 Rooms Total, 9 Kitchens

50.00 x 125.00

Hospital, Public Transit, School
Finished Basement
Brick Exterior

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.

9 Parking Spots, 2 Balconies, 9 Individual Meters, Tenants Pay Their Own Hydro, Except Unit 1A.

Pcl 11-1, Sec M110; Lt11, Pl M110; Etobicoke, City Of Toronto

4-piece on lower level
4-piece on upper level
4-piece on upper level