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Harman Randhawa

info@realtorharman.ca +1(587) 837-0078

$ 1,699,500

Est. payment -/mo

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Price Dropped by $75K

60 MURRIE STREET Toronto (mimico), ON M8V1X7

6 Beds

3 Baths

1,500 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $1,133

Subdivision Mimico

MLS® Listing ID W12000286

Bedrooms 6

Originating Board Toronto Regional Real Estate Board

Property Description

Rare investment opportunity with a CAP Rate of 4.1% or multi-generational home to fit the whole family! Fully updated triplex in an unbeatable Royal York and Lakeshore location! The top and main floor apartments are fully furnished, and with both leases expiring at the end of this summer, they can be turned into AirBnB units for potentially more income generation. With a yearly rental revenue of $83,057, this triplex presents a fantastic opportunity to boost returns. Full inspection has been completed and the report is available/attached. Close to the airport, the bus stop is just a short walk away, GO Train, Humber College, the waterfront, and all essential amenities, this property offers excellent income-generating potential. It consists of three spacious two-bedroom units, each thoughtfully updated to provide modern living spaces. The entire building, including all common areas and units, has been freshly painted and extensively renovated. Recent upgrades include a reshingled roof and insulation to enhance efficiency. The basement unit has been renovated, featuring a new fire escape window, kitchen, new tiles, and laminate flooring throughout. The main floor and top-floor units have also been updated with renovated kitchens and laminate flooring. The top-floor apartment boasts new kitchen countertops and upgraded cupboard doors. The property features two walkout balconies up front and one walkout to a sundeck at the rear with a private entrance. A complete list of upgrades is available. All 3 separate hydro meters and hot water tanks. Coin-operated washer and dryer. All electrical updated. The property offers 5 parking spots, one at the front and 4 at the back of the building, making it convenient for tenants. Whether you are an investor looking for a high-return property or a homeowner seeking additional rental income, this triplex is a rare find in a highly sought-after area. See attached for financials, floor plans, and a complete list of upgrades. (id:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Second level 5.12 m X 3.19 m Living room

Extra Room 2 Second level 2.91 m X 2.53 m Dining room

Extra Room 3 Second level 3.08 m X 2.24 m Kitchen

Extra Room 4 Second level 4.53 m X 2.76 m Bedroom

Extra Room 5 Second level 3.55 m X 2.5 m Bedroom 2

Extra Room 6 Basement 3.89 m X 2.97 m Living room

Interior

Heating Forced air

Cooling Window air conditioner

Exterior

Parking Features No

Community Features Community Centre

View Y/N No

Total Parking Spaces 5

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

Virtual Tour https://youtu.be/bKcjlGBvFSg

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Harman Randhawa

Agent | License ID: harman1995

+1(587) 837-0078

Harman Randhawa

60 MURRIE STREET Toronto (mimico), ON M8V1X7

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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60 MURRIE STREET