156 Royal York Rd, Toronto, Ontario M8V 2V3
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Highlights
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Price/Sqft$866/sqft
Monthly cost
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Description
Wonderful investment opportunity. Currently set up as three completely renovated apartments. Great house extensively renovated in 2012-13. Perfect turn key investment with all three apartments currently rented on a month to month basis. Cap Rate of 4.37%!! Located in the heart of Mimico, steps to transit and the GO line. Just a short stroll to the lake and Mimico village. Great for first time home buyers with a double income to help pay the mortgage. Large private backyard, and parking for up to three cars. Don't wait, take advantage of the current buyer's market. This property is priced to sell. Rents are as follows. Basement $1350, Main floor $1750, Second Floor $1900. Total monthly income of $5000. Gross yearly income is $60,000. Operating expenses for 2024 $12,000. Net income $48,000.
Property Details
Interior
Features
2nd Floor
Office
2.54 x 2.03Laminate / O/Looks Backyard / Picture Window
Kitchen
3.93 x 2.25hardwood floor / Open Concept / Modern Kitchen
Living
4.68 x 2.87Combined W/Dining / hardwood floor / Large Window
Dining
4.68 x 2.87Combined W/Living / hardwood floor / Large Window
Exterior
Features
Parking
Garage spaces 1
Garage type Attached
Other parking spaces 2
Total parking spaces 3
Property History
24
