traditional home featuring brick siding, a garage, and driveway Features: attached garage, electric meter More Photos

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    For Sale - 156 Royal York Road, Toronto, Ontario

    Est payment $5,200/mo
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    Views   1
    Time on Jump  91 day

    AI Summary *

    • Great investment opportunity with three fully renovated apartments.
    • All units currently rented on a month-to-month basis.
    • Located in the heart of Mimico, close to transit and the lake.
    • Spacious private backyard and parking for up to three cars.
    • Potential for first-time buyers to benefit from rental income.




    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.
    Listing IDW12406957
    Address156 Royal York Road
    CityToronto, Ontario
    Price$1,049,000
    Bed / Bath3 / 3 Full
    Style2-Storey, Semi-Detached
    ConstructionBrick
    Land Size3276
    TypeResidential
    StatusFor Sale

    Subtype Semi-Detached Indoor Features Accessory ApartmentOwnership FreeholdBasement ApartmentFoundation BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 3.00
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    Listing Agency:  REAL ESTATE HOMEWARD
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    156 Royal York Road
    Toronto , Ontario
    3 3 $1,049,000
    Get more info