156 Royal York Road

- $1,049,000

Mimico, Toronto, M8V2V3
MLS ® W12406957

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. (id:38551)

Location

Details

156 Royal York Road, Mimico, , Toronto

  • Land
    28 x 117 FT
  • Bedrooms

    Above Grade: 3

    3
  • Bathrooms
    3
  • Parking

    Attached Garage, Garage

    3

Rooms

156 Royal York Road, Mimico, , Toronto

  • Kitchen

    second level

    3.93 m x 2.25 m
  • Living Room

    second level

    4.68 m x 2.87 m
  • Dining Room

    second level

    4.68 m x 2.87 m
  • Bedroom

    second level

    3.02 m x 4.67 m
  • Office

    second level

    2.54 m x 2.03 m
  • Kitchen

    basement

    2.73 m x 3.06 m
  • Living Room

    basement

    4.81 m x 4.86 m
  • Bedroom

    basement

    4.81 m x 4.86 m
  • Kitchen

    ground level

    3.81 m x 2.86 m
  • Living Room

    ground level

    3.03 m x 3.49 m
  • Dining Room

    ground level

    3.03 m x 3.49 m
  • Bedroom

    ground level

    2.56 m x 3.27 m
  • Bedroom 2

    ground level

    2.59 m x 3.65 m