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231 Melrose ST Toronto W06, ON M8Y 1B8
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Key Details
Sold Price $3,145,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 5000 +
MLS Listing ID W9297693
Style 2-Storey
Annual Tax Amount $15,801
Tax Year 2023
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.
Location
Province ON
County Toronto
Rooms
Bedrooms 15
Bathrooms 9.0
Family Room No
Kitchen 9
Interior
Cooling Window Unit(s)
Exterior
Exterior Feature Controlled Entry
Garage Private
Garage Spaces 9.0
Pool None
Roof Type Asphalt Shingle
Building
Foundation Concrete
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- Toronto, ON
- Toronto C01
- Toronto C08
- Toronto W01
- Toronto E01
- High Park-Swansea
- Roncesvalles
- Little Portugal
- Trinity Bellwoods
- Kensington-Chinatown
- West King West & West Queen West
- Liberty Village & Fort York
- Fashion & Entertainment Districts
- Bay Street Corridor
- Church-Yonge Corridor
- Cabbagetown
- Moss Park
- Regent Park
- St. Lawrence & East Bayfront
- Distillery District & Corktown
- Riverside & Leslieville