156 Royal York Road

Toronto, Mimico

描述

Wonderful investment opportunity. Currently set up as three completely renovated apartments. Great house extensively renovated in 2012-13. Perfect turn key investment with all three apartments currently rented on a month to month basis. Cap Rate of 4.37%!! Located in the heart of Mimico, steps to transit and the GO line. Just a short stroll to the lake and Mimico village. Great for first time home buyers with a double income to help pay the mortgage. Large private backyard, and parking for up to three cars. Don't wait, take advantage of the current buyer's market. This property is priced to sell. Rents are as follows. Basement $1350, Main floor $1750, Second Floor $1900. Total monthly income of $5000. Gross yearly income is $60,000. Operating expenses for 2024 $12,000. Net income $48,000.

This semi-detached home located at 156 Royal York Road, Toronto W06, ON M8V 2V3 is currently for For Sale and has been available on Wedu.ca for days. This property is listed at CA$1M. It has 3 beds, 3 bathrooms, and is 1100-1500 square feet. The property is N/A years old. 156 Royal York Road, Toronto W06, ON M8V 2V3 is in Toronto neighborhood Mimico.