Toronto W06, ON M8Y 1C3,28 Algoma ST
Toronto W06, ON M8Y 1C3,28 Algoma ST
Toronto W06, ON M8Y 1C3,28 Algoma ST
42
$2,270,000
$2,298,888
1.3%
Est.Price: ?

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6 BD
4 BA

28 Algoma ST Toronto W06, ON M8Y 1C3

Est. payment /mo
SOLD DATE : 03/25/2025

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Key Details

Sold Price $2,270,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

Subdivision Mimico

MLS Listing ID W12008823

Style 2-Storey

Bedrooms 6

Building Age 31-50

Annual Tax Amount $5,629

Tax Year 2024

Property Sub-Type Fourplex

Property Description

Newly renovated brick quadplex in Etobicoke. Turnkey Investment opportunity or residential home in the heart of Mimico. A rare find, this low-maintenance brick building offers 4 beautifully updated units, two 2-bedroom units and two 1-bedroom basement apartments. Each unit provides privacy and comfort for tenants including a spacious backyard with greenery and 6 car surface parking. Ideally located close to Mimico GO Train offering a quick and direct commute to downtown Toronto. Enjoy the convenience of nearby shops, restaurants, parks, and the waterfront of Lake Ontario. Recent updates include kitchens, bathrooms, floors, lighting, HVAC and more. Coin-operated laundry income. Sitting on a large lot, this property has potential for expansion offering fantastic opportunity. Whether you're an investor looking for good cash flow or a buyer seeking a multi-unit home with rental income, this four-plex is a must-see. Don't miss out on this prime opportunity! Estimated property cap rate: 4.87%. This property presents a strong investment opportunity with consistent income, reasonable expenses, and potential for growth.

Location

Province ON

County Toronto

Community Mimico

Area Toronto

Zoning Residential - Multi

Rooms

Family Room No

Kitchen 4

Interior

Cooling Central Air

Exterior

Pool None

Roof Type Asphalt Shingle

Building

Foundation Poured Concrete

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Listed by RE/MAX REALTY ENTERPRISES INC.

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agent

Kenneth Yim

Broker of Record | License ID: 9524831

+1(416) 651-5653

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