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Home ON Greater Toronto Area Toronto Etobicoke Mimico-Queensway
28 ALGOMA STREET
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28 ALGOMA STREET $2,298,888
$2,298,888
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28 ALGOMA STREET
Toronto (Mimico), Ontario M8Y1C3

MLS® Number: W12008823
4 + 2
Bedrooms
4
Bathrooms
-
Square Feet

Listing Description

Newly renovated brick quadplex in Etobicoke. Turnkey Investment opportunity or residential home in the heart of Mimico. A rare find, this low-maintenance brick building offers 4 beautifully updated units, two 2-bedroom units and two 1-bedroom basement apartments. Each unit provides privacy and comfort for tenants including a spacious backyard with greenery and 6 car surface parking. Ideally located close to Mimico GO Train offering a quick and direct commute to downtown Toronto. Enjoy the convenience of nearby shops, restaurants, parks, and the waterfront of Lake Ontario. Recent updates include kitchens, bathrooms, floors, lighting, HVAC and more. Coin-operated laundry income. Sitting on a large lot, this property has potential for expansion offering fantastic opportunity. Whether you're an investor looking for good cash flow or a buyer seeking a multi-unit home with rental income, this four-plex is a must-see. Don't miss out on this prime opportunity! Estimated property cap rate: 4.87%. This property presents a strong investment opportunity with consistent income, reasonable expenses, and potential for growth. (40008592)

Location Description

Royal York & Algoma St

Property Summary

Property Type
Multi-family
Building Type
Fourplex
Storeys
2
Community Name
Mimico
Land Size
50 x 125.5 FT
Annual Property Taxes
$5,629.32
Parking Type
No Garage
Time on REALTOR.ca
15 days

Building

Bedrooms
Above Grade
4
Below Grade
2
Bathrooms
Total
4
Interior Features
Basement Features
Walk out
Basement Type
Full (Finished)
Building Features
Foundation Type
Poured Concrete
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Parking
Parking Type
No Garage
Total Parking Spaces
6

Land

Lot Features
Frontage
50 ft
Land Depth
125 ft ,6 in
Other Property Information
Zoning Description
Residential - Multi
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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