Multiplex for Sale in Toronto
231 Melrose St, Toronto, ON
- 9+6 BEDS
- 9 BATHS
- 6,250 sq.ft. Land
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- 231 Melrose St, Toronto, ON
Key Facts
- MLS® #: W9297693
- Property ID: SIRC2066710
- 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 And 3 1-Bedroom Units With 2 Balconies. These 15 Bedrooms In Total Produce About $172k Of Gross Annual Rental Income With A Potential To Further Improve Easily. This Building Is Always Fully Rented Due To Great Management And Care By The Owner, And Offers A Fabulous Up-Side On Tenant Turnover. This Could Account Upward Of 5.7% Of The Return On The Investment Plus A Building Ownership That Grows Equity! 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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