521 Brown's Line Toronto, Ontario M8W 3V1

$2,499,900

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:61215)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	W12160338
Property Type	Multi-family
Community Name	Alderwood
Amenities Near By	Public Transit
Equipment Type	Water Heater
Rental Equipment Type	Water Heater

Building

Appliances	Dishwasher, Dryer, Microwave, Washer
Cooling Type	Fully Air Conditioned
Heating Type	Other
Size Interior	2,400 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Public Transit
Size Depth	115 Ft ,4 In
Size Frontage	40 Ft
Size Irregular	40.05 X 115.37 Ft
Size Total Text	40.05 X 115.37 Ft
Zoning Description	Rm9u3*18)

https://www.realtor.ca/real-estate/28339405/521-browns-line-toronto-alderwood-alderwood