Toronto - Mimico
Toronto - Mimico
Sold For$1,680,000
Listed For $1,869,999
Sold Oct 2023
Fabulous Investment Or Lifestyle Opportunity. Legal Duplex With 2 Legal Addresses (One Property W/Severance Potential). 3 Separate Units Tastefully Renovated From Top To Bottom With No Expense Spared. Well Over 300K. This Stunning Mimico Property Is Steps To Lake, Shops, Cafes, Restaurants, TTC And 10 Minutes To Downtown. Gross Rent Is $92K/Year. A+ Tenants. Rough-In To Easily Convert To 4 Units Would = More Than $106K Gross Income. Double Wide 50' Lot Across The Street From Multi-Million $ Mansions On The Lake. 4.5%+ Cap Rate In A Very Desirable And Thriving Water Front Community With Plenty Of Appreciation Growth Potential. Perfect Property For Co-Ownership Or End-User Seeking Supplementary Rental Income.
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