$1,099,000
Available - For Sale
Listing ID: W12406957
156 Royal York Road , Toronto, M8V 2V3, Toronto
| 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. |
| Price | $1,099,000 |
| Taxes: | $3956.00 |
| Assessment Year: | 2024 |
| Occupancy: | Tenant |
| Address: | 156 Royal York Road , Toronto, M8V 2V3, Toronto |
| Directions/Cross Streets: | Royal York and Lakeshore |
| Rooms: | 10 |
| Rooms +: | 1 |
| Bedrooms: | 3 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Apartment |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Ground | Kitchen | 12.5 | 9.38 | Hardwood Floor, Open Concept, Modern Kitchen |
| Room 2 | Ground | Living Ro | 9.94 | 11.45 | Combined w/Dining, Combined w/Kitchen, Hardwood Floor |
| Room 3 | Ground | Dining Ro | 9.94 | 11.45 | Combined w/Kitchen, Combined w/Living, Hardwood Floor |
| Room 4 | Ground | Bedroom | 8.4 | 10.73 | Hardwood Floor, Pot Lights, Large Window |
| Room 5 | Ground | Bedroom 2 | 8.5 | 11.97 | Overlooks Backyard, W/O To Deck, Picture Window |
| Room 6 | Second | Kitchen | 12.89 | 7.38 | Hardwood Floor, Open Concept, Modern Kitchen |
| Room 7 | Second | Living Ro | 15.35 | 9.41 | Combined w/Dining, Hardwood Floor, Large Window |
| Room 8 | Second | Dining Ro | 15.35 | 9.41 | Combined w/Living, Hardwood Floor, Large Window |
| Room 9 | Second | Bedroom | 9.91 | 15.32 | Hardwood Floor, Closet, Window |
| Room 10 | Second | Office | 8.33 | 6.66 | Laminate, Overlooks Backyard, Picture Window |
| Room 11 | Basement | Kitchen | 8.95 | 10.04 | Vinyl Floor, Combined w/Living, Modern Kitchen |
| Room 12 | Basement | Living Ro | 15.78 | 15.94 | Vinyl Floor, Combined w/Kitchen, Combined w/Br |
| Room 13 | Basement | Bedroom | 15.78 | 15.94 | Vinyl Floor, Combined w/Kitchen, Combined w/Living |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Basement |
| Washroom Type 2 | 4 | Ground |
| Washroom Type 3 | 4 | Second |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Semi-Detached |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | Attached |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 2 |
| Park #1 | |
| Parking Type: | Private |
| Park #2 | |
| Parking Type: | Private |
| Pool: | None |
| Approximatly Square Footage: | 1100-1500 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| REAL ESTATE HOMEWARD |
|
|
RAY NILI
Broker
Dir:
(416) 837 7576
Bus:
(905) 731 2000
Fax:
(905) 886 7557
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At a Glance:
| Type: | Freehold - Semi-Detached |
| Area: | Toronto |
| Municipality: | Toronto W06 |
| Neighbourhood: | Mimico |
| Style: | 2-Storey |
| Tax: | $3,956 |
| Beds: | 3 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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