521 BROWN'S LINE, Toronto (Alderwood), Ontario, M8W3V1
Fully Renovated Six units. 5% CAP RATE! Assumable mortgage of $1,745,000 at 4.25% (to 2032).CMHC-Insured Mortgage. South Etobicoke Gem. 5.5% return on cash! All units renovated to New Condo Standard! Exceptional turnkey 6-unit building fully gutted and renovated in 2021/2022 to condo standards. Each unit features new kitchens, soft close cabinet doors, new bathrooms, new flooring, and includes 6 new appliances (fridge, stove, dishwasher, microwave, washer, and dryer). Upgraded mechanicals, new high-efficiency furnace, 6 new (wall mounted) AC systems, and modern finishes throughout make this a rare hands-off investment. Strong rental income with a current 5% cap rate. Private drive with parking for 5 cars. Outstanding investor advantage with an assumable CMHC-insured mortgage of $1,745,000 at 4.25%fixed until December 2032, providing below-market financing and excellent cash flow stability. Located in desirable South Etobicoke, close to transit, major highways, and amenities. A rare opportunity to own a fully stabilized, low-maintenance asset with built-in financing in a high-demand rental market. All rents are market or above (one unit vacant for showings). (id:2471)
Harvey Kalles Real Estate LTD., Brokerage
- 416-930-9857
- 416-441-2888
- 416-441-9926
- errolp@rogers.com
- Property Address: 521 BROWN'S LINE, Toronto (Alderwood), Ontario, M8W3V1
- Community Name: Alderwood
- Property Type: Multi-family
- Lot Size: 40.1 x 115.4 FT
- Acreage: 40.1 x 115.4 FT
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Driveway: Garage
- Total Parking Spaces: 5
- Maintenance Fee: 0.00
- Amenities Nearby: Public Transit
- Structure Style: Other
- Storeys: 2
- Floor Space: 2000 - 2500 sqft
- Bedrooms: 2 + 1
- Bathrooms: 6-Total
- Basement Type: N/A
- Heating Type: Natural gas, Hot water radiator heat
- Cooling: Central air conditioning
- Exterior Type: Brick
- Appliances Included: Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator
Listing Offices: HARVEY KALLES REAL ESTATE LTD.
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