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40 Cavell Avenue
Mimico
Toronto
M8V 1P2
$2,799,000
Residential Freehold
beds: 9
baths: 6.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- W9767744
- Bedrooms:
- 9
- Bathrooms:
- 6
- Photos (40)
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Welcome to 40 Cavell Ave, A 6-unit Multiplex that provides a 4.3% Cap Rate. Current actual Net Income of $124,870. 40 Cavell is located in the Mimico Area of Toronto (Etobicoke), an area experiencing an incredible amount of growth by way of several mixed use condo development projects nearby. A fantastic opportunity for investors looking to get a foothold in the area. 3 2-Bedroom apartments, 1 Extra Large 1-Bedroom apartment, & 2 1-Bedroom apartments. Modern upgrades to 4 out ofthe 6 units as well as common areas and exterior. 7 separately metered units, Coin Laundry for added income, and expansive rear parking - 8 spots. Opportunity exists to add units to existing structure. Large Tenant Green Space in front yard. Steps to Mimico Go station, QEW, Lakeshore, parks, Schools, San Remo Bakery. High return, minimal management turn-key building. **EXTRAS** Newer furnace and boiler (6 years). Fire Inspection 2021. 4800 Square Feet above grade and an almost 2000 square feet below. Recent vacant units were leased in less than a week for full ask - high demand area.
- Property Type:
- Residential Freehold
- Property Sub Type:
- Multiplex
- Home Style:
- 2-Storey
- Depth:
- 163'5"49.8 m
- Frontage:
- 29'8"9.03 m
- Direction Faces:
- North
- Bedrooms:
- 9
- Bathrooms:
- 6.0
- Water supply:
- Municipal
- Kitchens:
- 6
- Bedrooms Above Grade:
- 9
- Kitchens Above Grade:
- 6
- Rooms Above Grade:
- 27
- Ensuite Laundry:
- No
- Heating type:
- Radiant
- Heating Fuel:
- Gas
- Foundation:
- Unknown
- Roof:
- Unknown
- Basement:
- Finished
- Fireplace/Stove:
- No
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Features:
- Available
- Parking Spaces:
- 8
- Total Parking Spaces:
- 8.0
- Family Room:
- Yes
- Possession Details:
- Flexible
- Pool:
- None
- HST Applicable To Sale Price:
- No
- Taxes:
- $8,256 / 2023
- Assessment:
- $- / -
- Toronto W06
- Mimico
- Toronto
- Other
- Hot Water Tank $39/month (included in expense calculation)
- Brick
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- None
- Central Vacuum:
- No
- Seller Property Info Statement:
- Yes
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Larger map options:
Listed by ROYAL LEPAGE SIGNATURE REALTY
Data was last updated April 23, 2025 at 06:15 PM (UTC)
Area Statistics
- Listings on market:
- 12
- Avg list price:
- $2,447,000
- Min list price:
- $1,849,900
- Max list price:
- $4,950,000
- Avg days on market:
- 44
- Min days on market:
- 9
- Max days on market:
- 539
These statistics are generated based on the current listing's property type
and located in
Toronto W06. Average values are
derived using median calculations.
- Tanya Crepulja
- Keller Williams Real Estate Associates, Brokerage
- 647-293-3785
- tanya@tcteam.ca
- Steven Fontes
- Keller Williams Real Estate Associates, Brokerage
- 416-831-2161
- steve@tcteam.ca
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.
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