Multiplex for Sale in Toronto
231 Melrose St, Toronto, ON
- 9+6 BEDS
- 9 BATHS
- 6,250 sq.ft. Land
- 231 Melrose St, Toronto, ON
- 9+6 BEDS
- 9 BATHS
- 6,250 sq.ft. Land
Key Facts
- MLS® #: W8454102
- Property ID: SIRC1939513
- Property Type: Residential, Multiplex
- Lot Size: 6,250 sq.ft.
- Bedrooms: 9+6
- Bathrooms: 9
- Additional Rooms: Den
- Parking Spaces: 9
- Listed By:
- RIGHT AT HOME REALTY
Property Description
A Wonderful Opportunity To Own This Purpose-Built Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The Solid Brick 9-Plex Consists Of 6 2-Bedroom Units And 3 1-Bedroom Units With Balconies. These 15 Bedrooms In Total Have A Potential Of Producing Approximately $268,800 In Gross Annual Earnings, Which Makes This An Amazing Investment Opportunity. This Building Is Always Fully Rented And Offers A Fabulous Up-Side 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.
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Location
231 Melrose St, Toronto, Ontario, M8Y 1B8 Canada
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