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 central(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 and upside in a high-demand rental market. All rents are market or above (one unit vacant for showings).
Listing courtesy of HARVEY KALLES REAL ESTATE LTD..
Listing data ©2025 Toronto Real Estate Board. Information deemed reliable but not guaranteed by TREB. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Data last updated: Tuesday, May 20th, 2025?04:36:54 PM.
Data services provided by IDX Broker
| Price: | $2,499,900 |
| Address: | 521 Brown's Line N/A |
| City: | Toronto W06 |
| County: | Toronto |
| State: | Ontario |
| Zip Code: | M8W 3V1 |
| MLS: | W12160338 |
| Square Feet: | 2,400 |
| Acres: | 5,198.96 |
| Lot Square Feet: | 5,198.96 acres |
