ON > Toronto W06 > Mimico
Toronto W06, ON M8V 2V3,156 Royal York RD
Toronto W06, ON M8V 2V3,156 Royal York RD
Toronto W06, ON M8V 2V3,156 Royal York RD
Toronto W06, ON M8V 2V3,156 Royal York RD
Toronto W06, ON M8V 2V3,156 Royal York RD
Toronto W06, ON M8V 2V3,156 Royal York RD
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Mike Taylor

Mike Taylor

+1(705) 985-1110
$ 1,099,000
Est. payment | /mo

3 Beds

3 Baths

Save
$ 1,099,000
Est. payment | /mo
Save

3 Beds

3 Baths

Key Details

Property Type Single Family Home

Sub Type Semi-Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision Mimico

MLS Listing ID W12406957

Style 2-Storey

Bedrooms 3

Annual Tax Amount $3,956

Tax Year 2024

Property Sub-Type Semi-Detached

Property Description

Wonderful investment opportunity. Currently set up as three completely renovated apartments. Great house extensively renovated in 2012-13. Perfect turn key investment with all three apartments currently rented on a month to month basis. Cap Rate of 4.37%!! Located in the heart of Mimico, steps to transit and the GO line. Just a short stroll to the lake and Mimico village. Great for first time home buyers with a double income to help pay the mortgage. Large private backyard, and parking for up to three cars. Don't wait, take advantage of the current buyer's market. This property is priced to sell. Rents are as follows. Basement $1350, Main floor $1750, Second Floor $1900. Total monthly income of $5000. Gross yearly income is $60,000. Operating expenses for 2024 $12,000. Net income $48,000.

Location

Province ON

County Toronto

Community Mimico

Area Toronto

Rooms

Family Room No

Basement Apartment

Kitchen 3

Interior

Interior Features Accessory Apartment

Cooling None

Fireplace No

Heat Source Gas

Exterior

Parking Features Private

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 28.0

Lot Depth 117.0

Total Parking Spaces 3

Building

Foundation Block

Others

ParcelsYN No

Listed by REAL ESTATE HOMEWARD
Mike Taylor

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON, L4M 3B4, CAN

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156 Royal York RD