521 Brown's Line,Toronto W06, ON M8W 3V1
Toronto W06, ON M8W 3V1
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 (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 in a high-demand rental market. All rents are market or above (one unit vacant for showings).
Details
| MLS# | W12160338 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Sold Conditional |
| Days On Site | 26 |
| Listing Provided By | HARVEY KALLES REAL ESTATE LTD. | W12160338 303500 |
Features
| SQ Feet | 2,400 |
|---|---|
| Acreage | 0.06 |
Interior
| Cooling | Yes |
|---|
Exterior
| Community Features | Public Transit |
|---|
Taxes
| Property | 5265 |
|---|
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Toronto |
| City | Toronto W06 |
| Postal Code | M8W 3V1 |
| Area | Alderwood |
| Listing VS Median (in M8W 3V1) | |
Price: $2,499,900 low | high Med: $2,499,900 SqFt: 2,400 low | high Med: 2,400 $ / SqFt: $1,042 low | high Med: $1,042 On site: 26 low | high Med: 26.000000 | |
