Price: 2499900.00 CAD

Contract Status: active

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 andrenovated in 2021/2022 to condo standards. Each unit features new kitchens, soft close cabinetdoors, new bathrooms, new flooring, and includes 6 new appliances (fridge, stove, dishwasher,microwave, washer, and dryer). Upgraded mechanicals, new high-efficiency furnace, 6 new central(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 rareopportunity to own a fully stabilized, low-maintenance asset with built-in financing and upsidein a high-demand rental market. All rents are market or above (one unit vacant for showings).

Additional Details

• Cross Street: Brown's Line North of Horner
• County/Parish: Toronto
• Zoning: N/A