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521 Brown's Line N/A Toronto W06, ON M8W 3V1
2,400 SqFt
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $1,041
Subdivision Alderwood
MLS Listing ID W12160338
Annual Tax Amount $5,265
Tax Year 2024
Property Sub-Type Investment
Property Description
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 central(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 and upside in a high-demand rental market. All rents are market or above (one unit vacant for showings).
Location
Province ON
County Toronto
Community Alderwood
Area Toronto
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 40.05
Lot Depth 115.37
Listed by HARVEY KALLES REAL ESTATE LTD.