231 MELROSE STREET, Toronto , M8Y1B8
Listing ID: W8267086
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$3,999,900
Price
15
Beds
9
Baths
5000+
Sq. Ft.
Listed: 1 month ago
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Property Description

Don't Miss Out On The Incredible Opportunity To Own This Purpose-Built, Legal Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The Solid Brick 9-Plex Consists Of 6 2-Bedroom, 2 1-Bedroom Units & A Studio Apartment, 15 Bedrooms In Total! Potential Gross Income Is Approximately $268,800.00, Which Makes This An Amazing Investment Opportunity. This Building Is Always Fully Rented And Offers A Fabulous Upside Potential 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. **** EXTRAS **** 9 Parking Spots, 2 Balconies, 9 Individual Meters, Tenants Pay Their Own Hydro, Except Unit 1A. (id:26452)

Other located at 231 MELROSE STREET. It has 15 beds, 9 bathrooms, and is 6250 square feet. 231 MELROSE STREET is in the Toronto neighborhood. Toronto , South Etobicoke , and South Field are nearby neighbourhoods.
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Listed by: RIGHT AT HOME REALTY INC.

Mortgage Estimation Calculate Your Own

20% down payment
$14,014
per month
35% down payment
$11,387
per month
50% down payment
$8,759
per month

Estimated mortgage based on 2.7% on a 30 year amortization based on some lenders

roomvu is not liable for data estimates generated by computer modeling, which may not reflect exact market values

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SIMONA STARONOVA
(905) 565-9200

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SIMONA STARONOVA
(905) 565-9200
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$3,703.37
Monthly
$878,400
Total Mortgage
$219,600
Down Payment