$3,999,900Asking Price
231 Melrose St
Mimico, Toronto
Don't Miss Out On The Incredible Opportunity To Own This Purpose-Built, Legal Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The Solid Brick 9-Plex Consists Of 6 2-Bedroom, 2 1-Bedroom Units & A Studio Apartment, 15 Bedrooms In Total! Potential Gross Income Is Approximately $268,800.00, Which Makes This An Amazing Investment Opportunity. This Building Is Always Fully Rented And Offers A Fabulous Upside Potential On Tenant Turnover That Would Account For About 5.7% Of Return On The Investment Plus A Building Ownership! 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.
Don't Miss Out On The Incredible Opportunity To Own This Purpose-Built, Legal Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The Solid Brick 9-Plex Consists Of 6 2-Bedroom, 2 1-Bedroom Units & A Studio Apartment, 15 Bedrooms In Total! Potential Gross Income Is Approximately $268,800.00, Which Makes This An Amazing Investment Opportunity. This Building Is Always Fully Rented And Offers A Fabulous Upside Potential On Tenant Turnover That Would Account For About 5.7% Of Return On The Investment Plus A Building Ownership! 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.
See MoreKey Info
- 2-Storey Multiplex
- 4+ Parking
- No Garage
- South Kingsway & South Of Qew
- 5000+ Approximate Sq Feet
- Radiant Gas Heating
- Window Unit A/C
Property
- Taxes were $15,801 in 2023
- Possession: Immediate
Details
- Brick Exterior
- No Fireplace
- 9 Kitchens
- MLS #W8267086
- RIGHT AT HOME REALTY
Extras
- 9 Parking Spots, 2 Balconies, 9 Individual Meters, Tenants Pay Their Own Hydro, Except Unit 1A.
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 3 4-Piece Bathrooms on Lower | |||
| 3 4-Piece Bathrooms on Upper | |||
| 3 4-Piece Bathrooms on Upper | |||
How Far is Too Far?
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Who lives here?
Mimico, Toronto is a west Toronto neighbourhood notable for its singles, renters, executives, salespeople and tradespeople. Residents tend to be older with a significant number of adults aged 25 to 44, 25 to 44, 25 to 44 and 25 to 44 and seniors aged 65 to 69.
Families
Kids Per Family
0.9
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
51%
of residents are
single and loving it.
51% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
55%
of residents
are renters.
55% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
45%
of residents are
university grads.
45% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$109K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 16% |
| Business | 11% |
| Management | 10% |
| Government | 8% |
| Trades | 8% |
Immigrants
41%
of residents were
born outside of Canada.
41% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
4.2% from India
All-time
Birthplace - Recent
1.2% from India
Recent
Foreign Languages
Foreign Languages
| Polish | 4% |
| Spanish | 3% |
| Ukrainian | 3% |
| Portuguese | 2% |
| Russian | 2% |
Religions
Religions
| Christian | 68% |
| Muslim | 4% |
| Hindu | 2% |
| Buddhist | 2% |
| Jewish | 1% |
Social Housing
Social Housing Buildings
3
Social housing buildings
in the neighbourhood.
Shelters
Shelters
1
Homeless shelters in
the neighbourhood.
