$1,989,000

197 Royal York Road – Etobicoke

Mimico Village

Property Description

Incredible Turn-Key Investment Opportunity In South Etobicoke.  Located in desirable Mimico Village, steps to  Toronto Waterfront Trail Network, Mimico Go Station, San Remo’s Bakery,  Shopping, Parks and Schools.

The building features many updates which include renovated common elements,  mostly upgraded kitchens and bathrooms, 5 hydro meters and  6  self-contained residential units with AAA tenants. This efficient investment offers low operational costs and minimal management. A fantastic investment for both seasoned and new investors alike. 

Floor Plans

Bedrooms

5

Bathrooms

6

Neighbourhood

Mimico Village

Parking

6

SQFT

3627

Lot Size

50 x 145.17

Property Type

Residential - Multiplex

Taxes / Year

5321.96

MLS #

W12041116 and W12039227

Income

106900

Expenses

18150

Feature List

Building Features:

  • 6 Self-Contained Units
  • 5 x 1 Bedroom Units
  • 1 x Studio Unit
  • Above Grade Units Separately Metered (Hydro)
  • 5 Hydro Meters
  • Updated Electrical Service And Breaker Panels
  • Commercial Grade Centralized Boiler
  • 50 x 146’ Lot
  • 6+ Car Parking at Rear
  • 5 Updated Kitchens and Bathrooms.
  • Some Newer Windows
  • Fire Inspection Certificate (2020)
  • AAA Tenants
  • Fully Leased
  • Storage Lockers in Laundry Room
  • Mechanical Room
  • Janitor Closet
  • Storage Shed at rear.

 

Area Amenities

  • Steps to Shopping
  • 1 Bus To Royal York Station
  • Steps to Mimico Go (12 Minutes to Union Station Express)
  • Steps to Waterfront Trail Network
  • Parks and Schools Nearby
  • Steps to San Remo Bakery, Cafes, Grocers and Restaurants
  • Great Access to Major Routes (via Gardener, 427, Lakeshore)
  • 15 Minutes to Pearson International
  • 20 Minutes to Downtown Toronto
  • Many Future Developments Nearby

Virtual Tour

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