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28 Algoma ST Toronto W06, ON M8Y 1C3
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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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