$1,415,000
25A Milton Street, Toronto W06, ON M8Y 2X7
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231 Melrose Street — Multiplex
SoldToronto W06, ON M8Y 1B8
15 Bed · 9 Bath · Multiplex
MLS #W9297693
$3,145,000
Sold on November 20, 2024
November 20, 2024
Originally listed at $3,199,900 6 days on market
About This Property
A Wonderful Opportunity To Own This Purpose-Built Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The Solid Brick 9-Plex Consists Of 6 2-Bedroom And 3 1-Bedroom Units With 2 Balconies. These 15 Bedrooms In Total Produce About $172k Of Gross Annual Rental Income With A Potential To Further Improve Easily. This Building Is Always Fully Rented Due To Great Management And Care By The Owner, And Offers A Fabulous Up-Side On Tenant Turnover. This Could Account Upward Of 5.7% Of The Return On The Investment Plus A Building Ownership That Grows Equity! 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.
Property Details
Bedrooms
15
Bathrooms
9
Square Feet
5000 + sqft
Property Type
Multiplex
Style2-Storey
Lot Size50 125 ft
Frontage50.0 ft
Depth125.0 ft
GarageNone
BasementFinished
CoolingWindow Unit(s)
HeatingRadiant
Parking Spaces9
Listed OnSep 3, 2024
MLS Size5000 +
Property Tax$15,801/year
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Rooms
| Name | Size (m) | Size (ft) | Features |
|---|---|---|---|
| Living Room(Ground) | 5 x 2.7 | 16.4 x 8.9 | - |
| Living Room(Ground) | 5 x 2.7 | 16.4 x 8.9 | - |
Room Dimensions Available
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231 Melrose Street History
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2 More Transactions Available
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Price History
Original List Price
$3,199,900
Listed on Sep 3, 2024
Sold Price
$3,145,000
Sold on Nov 20, 2024
-$54,900
-1.7%
6 days on market
Price History Available
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OQ
Your Agent
OVAIS QASSIM
Broker of Record
PREMIER MATRIX REALTY LTD. BROKERAGE
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Home Features
Property TypeMultiplex
Style2-Storey
Lot Size50 × 125 ft
Frontage50.0 ft
Depth125.0 ft
GarageNone
BasementFinished
CoolingWindow Unit(s)
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About 231 Melrose Street, Toronto W06, ON M8Y 1B8
231 Melrose Street, Toronto W06, ON M8Y 1B8 is a 15-bedroom, 9-bathroom 2-storey multiplex with approximately 5000 + square feet of living space, situated on a 50 125 foot lot. This property is currently sold (sold for $3,145,000). The home features a none garage and a finished basement.
Mimico Neighbourhood
This home is located in Mimico, part of Toronto W06 in the Toronto area. Explore more homes for sale and recently sold properties in this neighbourhood.
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231 Melrose Street, Toronto W06, ON M8Y 1B8
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