231 Melrose

Home Details

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.

See more

Additional media

-

Property taxes

$15,801.15 per year / $1,316.76 per month

Basement

Finished

Year build

-

Type

Multiplex

Bedrooms

9 + 6

Bathrooms

9

Parking spots

9.0 Total

Floor

-

Balcony

-

Pool

None

External material

Brick

Roof type

-

Lot frontage

-

Lot depth

-

Heating

Radiant

Fire place(s)

N