$3,145,000
231 Melrose Street, Toronto W06, ON M8Y 1B8
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1 / 20
231 Melrose Street — Multiplex
For SaleToronto W06, ON M8Y 1B8
15 Bed · 9 Bath · Multiplex
MLS #W8454102
$3,495,000
Listed Price
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 Units And 3 1-Bedroom Units With Balconies. These 15 Bedrooms In Total Have A Potential Of Producing Approximately $268,800 In Gross Annual Earnings, Which Makes This An Amazing Investment Opportunity. This Building Is Always Fully Rented And Offers A Fabulous Up-Side 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.
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, Other
CoolingWindow Unit(s)
HeatingRadiant
Parking Spaces9
Listed OnJun 17, 2024
MLS Size5000 +
Property Tax$15,801/year
Rooms
| Name | Size (m) | Size (ft) | Features |
|---|---|---|---|
| Living Room(Ground) | 5 x 3 | 16.4 x 9.8 | - |
| Living Room(Ground) | 5 x 3 | 16.4 x 9.8 | - |
231 Melrose Street History
Complete transaction history for this property
Sold
Sold: Nov 20, 2024
$3,145,000
-$54,900 (-1.7%)
Listed: $3,199,900• 6 days on market• Sale
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OQ
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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, Other
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 for sale at $3,495,000. The home features a none garage and a finished, other 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.
Whether you are looking to buy, sell, or lease in Mimico, our team of experienced real estate professionals can help you navigate the market and find the perfect home. Contact us today for a free consultation.
231 Melrose Street, Toronto W06, ON M8Y 1B8
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