28 Algoma St, Toronto

28 Algoma St, Mimico, Toronto M8Y1C3

2-Storey, Fourplex Property
10 + 6 Rooms Total, 2 + 2 Kitchens
6 Parking Spaces

50.00 x 125.50

Fin W/O, Full Basement
Brick Exterior

Newly Renovated Brick Quadplex In Etobicoke. Turnkey Investment Opportunity Or Residential Home In The Heart Of Mimico. A Rare Find, This Low-Maintenance Brick Building Offers 4 Beautifully Updated Units, Two 2-Bedroom Units And Two 1-Bedroom Basement Apartments. Each Unit Provides Privacy And Comfort For Tenants Including A Spacious Backyard With Greenery And 6 Car Surface Parking. Ideally Located Close To Mimico Go Train Offering A Quick And Direct Commute To Downtown Toronto. Enjoy The Convenience Of Nearby Shops, Restaurants, Parks, And The Waterfront Of Lake Ontario. Recent Updates Include Kitchens, Bathrooms, Floors, Lighting, Hvac And More. Coin-Operated Laundry Income. Sitting On A Large Lot, This Property Has Potential For Expansion Offering Fantastic Opportunity. Whether You're An Investor Looking For Good Cash Flow Or A Buyer Seeking A Multi-Unit Home With Rental Income, This Four-Plex Is A Must-See. Don't Miss Out On This Prime Opportunity! Estimated Property Cap Rate: 4.87%. See Attached Feature Sheet For Additional Estimated Financial Information. This Property Presents A Strong Investment Opportunity With Consistent Income, Reasonable Expenses, And Potential For Growth.

Plan M110 Lot 92