521 Brown's Line N/A new Save Request In-Person Tour Request Virtual Tour
Toronto W06,ON M8W 3V1
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Alderwood
MLS Listing ID W12160307
Style 2-Storey
Bedrooms 3
Annual Tax Amount $5,265
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Fully Renovated Six units. 5% CAP RATE! Assumable mortgage of $1,745,000 at 4.25% (to 2032).CMHC-Insured Mortgage. South Etobicoke Gem. 5.5% return on cash! All units renovated to New Condo Standard! Exceptional turnkey 6-unit building fully gutted and renovated in 2021/2022 to condo standards. Each unit features new kitchens, soft close cabinet doors, new bathrooms, new flooring, and includes 6 new appliances (fridge, stove, dishwasher, microwave, washer, and dryer). Upgraded mechanicals, new high-efficiency furnace, 6 new (wall mounted) AC systems, and modern finishes throughout make this a rare hands-off investment. Strong rental income with a current 5% cap rate. Private drive with parking for 5 cars. Outstanding investor advantage with an assumable CMHC-insured mortgage of $1,745,000 at 4.25%fixed until December 2032, providing below-market financing and excellent cash flow stability. Located in desirable South Etobicoke, close to transit, major highways, and amenities. A rare opportunity to own a fully stabilized, low-maintenance asset with built-in financing in a high-demand rental market. All rents are market or above (one unit vacant for showings).
Location
Province ON
County Toronto
Community Alderwood
Area Toronto
Rooms
Family Room No
Kitchen 6
Interior
Cooling Central Air
Exterior
Parking Features Private
Pool None
Roof Type Not Applicable
Building
Foundation Not Applicable