Office Listings
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- W12160338
- Bus Major:
- Apts - 6 To 12 Units
- Photos (14)
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Fully Renovated Six units. 5% CAP RATE! Assumable mortgage of $1,745,000 at 4.25% (to 2032).CMHC-Insured Mortgage. South Etobicoke Gem. 5.5% return on cash! All units renovated to New Condo Standard! Exceptional turnkey 6-unit building fully gutted and renovated in 2021/2022 to condo standards. Each unit features new kitchens, soft close cabinet doors, new bathrooms, new flooring, and includes 6 new appliances (fridge, stove, dishwasher, microwave, washer, and dryer). Upgraded mechanicals, new high-efficiency furnace, 6 new (wall mounted) AC systems, and modern finishes throughout make this a rare hands-off investment. Strong rental income with a current 5% cap rate. Private drive with parking for 5 cars. Outstanding investor advantage with an assumable CMHC-insured mortgage of $1,745,000 at 4.25%fixed until December 2032, providing below-market financing and excellent cash flow stability. Located in desirable South Etobicoke, close to transit, major highways, and amenities. A rare opportunity to own a fully stabilized, low-maintenance asset with built-in financing in a high-demand rental market. All rents are market or above (one unit vacant for showings).
- Property Type:
- Commercial
- Property Sub Type:
- Investment
- Freestanding:
- Yes
- Total Area:
- 2400 sq. ft. Square Feet
- Total Area:
- 2,400 sq. ft.223 m2
- Depth:
- 115'4½"35.2 m
- Frontage:
- 40'1"12.2 m
- Lot Shape:
- Rectangular
- Water supply:
- Municipal
- Zoning:
- RM9u3*18)
- Heating type:
- Other
- Garage:
- Double Detached
- Possession Details:
- Imm/TBA
- HST Applicable To Sale Price:
- Not Subject to HST
- Type Taxes:
- Annual
- Taxes:
- $5,265 / 2024
- Assessment:
- $- / -
- Toronto W06
- Alderwood
- Toronto
- Public Transit
- Hot Water Tanks
- 6 fridges, 6 stoves, 6 dishwashers, 6 dryers, 6 washers, 6 microwaves, 6 wall mounted central AC
- all personal property of the tenants
- Utilities:
- Available
- Air Conditioning:
- Yes
- Seller Property Info Statement:
- No
- Financial Statements:
- No
- Gross income:
- $141,535
- Expenses Actual/Estimated:
- Estimated
- Heating Expenses:
- $444
- Insurance Expenses:
- $5,250
- Tax Expenses:
- $5,265
- Operating Expenses:
- $15,233
- Water Expenses:
- $1,264
- Year Expenses:
- 2024
- Maintenace Expenses:
- $3,000
- Major Business Type:
- Apts - 6 To 12 Units
- Category:
- Apartment
- Date Listed:
- May 20, 2025
- Original Price:
- $2,499,900
Larger map options:
Listed by HARVEY KALLES REAL ESTATE LTD.
Data was last updated July 4, 2025 at 06:15 AM (UTC)
- DAVID HARLAND
- HARVEY KALLES REAL ESTATE LTD.
- 1 (416) 5284149
- Contact by Email
The enclosed information while deemed to be correct, is not guaranteed.