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Listed by Right At Home Realty.
231 Melrose Street is a Multiplex, 2-Storey and is currently for Sale @ $3,199,900. Taxes in 2023 were $15,801.15.
More homes for sale under 3.2M in Toronto
A Wonderful Opportunity To Own This Purpose-Built Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The 2-Storey on 231 Melrose Street has 9 bedrooms, 9 bathrooms, and is located on a 125.00 x 50.00 ft lot in the community of Mimico . 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.
2 Balconies, 9 Surface Parking Spots, 9 Individual Hydro Meters, Tenants Pay Their Own Hydro Except Unit 1A.
The address 231 Melrose Street was listed for sale (MLS# W9297693) on Wednesday, September 04, 2024.
9+6
9+6
50.00 x 125.00 ft lot
