$3,199,900
ESTIMATED
9 + 6
BEDROOMS
9
BATHROOMS
W9297693
MLSID
231 Melrose Street, Toronto
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.
Sold History
SOLD
21 October 2024
$3,145,000
SOLD
10 April 2002
$710,000
Summary
Address
231 Melrose Street
City
Community
Street
MLSID
W9297693
Property Type
Multiplex
Property Category
Bedrooms
9 + 6
Bathrooms
9
Kitchens
9
Taxes (Annual)
$15,801.15
Tax Year
2023
Published
September 4, 2024
Days on Market
292 Days
Possession Details
Immediate, Tbd
Extras
2 Balconies, 9 Surface Parking Spots, 9 Individual Hydro Meters, Tenants Pay Their Own Hydro Except Unit 1A.
Inclusions
9 Stoves, 9 Fridges, 1 Coin Operated Washer & Dryer, Fire Alarm & 5 Extinguishers, 2 Garbage Disposal Bins, 1 Gas Boiler, 1 Hot Water Tank, Intercom.
Exclusions
Chattels & Fixtures Belonging To The Tenants.
Details
Bathroom 1
4-Piece Lower Level
Bathroom 2
4-Piece Upper Level
Bathroom 3
4-Piece Upper Level
Parking Total
9
Lot Width
50 Feet
Lot Depth
125 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Radiant
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
Listing Contracted with RIGHT AT HOME REALTY