231 Melrose Street, Toronto W06, ON
Description
Property Highlights
Welcome to this remarkable ["2-Storey"] multiplex located in the coveted neighborhood of Mimico. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $3,199,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 15 Bedrooms and 9 Bathrooms with 9 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 50 x 125 ft lot
- Features a ["finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
- 9.0 total parking spaces available
- Notable attributes: Intercom, Separate Hydro Meter, Separate Heating Controls
- equipped with ["window unit(s)"] central cooling and highly efficient radiant heating via gas
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.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Hospital, Public Transit, School
Interior Features
Intercom, Separate Hydro Meter, Separate Heating Controls
Security Features
Carbon Monoxide Detectors, Security System, Smoke Detector
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 231 Melrose Street, Toronto W06, ON M8Y 1B8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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