40 & 42 Strathgowan Ave

FOR SALE
$2,249,999
Sold
$2,100,000
40 & 42 Strathgowan Ave, North York
40 & 42 Strathgowan Ave
40 & 42 Strathgowan Ave
40 & 42 Strathgowan Ave
40 & 42 Strathgowan Ave
40 & 42 Strathgowan Ave
40 & 42 Strathgowan Ave
40 & 42 Strathgowan Ave
40 & 42 Strathgowan Ave
40 & 42 Strathgowan Ave
4
BEDROOMS
4
BATHROOMS
4
KITCHENS
16
ROOMS
C5724874
MLSID
Contact Us
Listing History
List Date End Date Days Listed List Price Sold Price Status
2022-08-08 2022-10-01 54 $2,249,999 $2,100,000 Sold
Property Description
Exciting Opportunity For Investors And End-Users. Legal Fourplex In Prestigious Lawrence Park South! Featuring Four (4) 1 Bedroom Units. Excellent Investment Property With Aaa Tenants, Fully Tenanted: One Unit On 1 Year Lease And Three Units Month To Month. Separate Hydro Metering For All Unit/Common Area. Don't Miss This One - These Seldom Come Available! Quiet, Family-Friendly Neighborhood Steps To Coveted Schools, Shopping, Transit, Parks, Walking-Trails.
Extras
Boiler Replaced (~ 10 Years), Roof 2020, Electrical Rewiring Completed (~ 15 Years) And Windows 2013. As-Is: Three Hot Water Tank (Rental), Two Washers, Two Dryers, Four Stoves, Four Fridges, 1 Window Air Conditioner Unit. Virtual Tour, Floor Plans, Survey.
Nearby Intersections
Property Details
Property Type
Fourplex, 2-Storey
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Newly renovated brick quadplex in Etobicoke. Turnkey Investment opportunity or residential home in the heart of Mimico. A rare find, this low-maintenance brick building offers 4 beautifully updated units, two 2-bedroom units and two 1-bedroom basement apartments. Each unit provides privacy and comfort for tenants including a spacious backyard with greenery and 6 car surface parking. Ideally located close to Mimico GO Train offering a quick and direct commute to downtown Toronto. Enjoy the convenience of nearby shops, restaurants, parks, and the waterfront of Lake Ontario. Recent updates include kitchens, bathrooms, floors, lighting, HVAC and more. Coin-operated laundry income. Sitting on a large lot, this property has potential for expansion offering fantastic opportunity. Whether you're an investor looking for good cash flow or a buyer seeking a multi-unit home with rental income, this four-plex is a must-see. Don't miss out on this prime opportunity! Estimated property cap rate: 4.87%. See attached feature sheet for additional estimated financial information. This property presents a strong investment opportunity with consistent income, reasonable expenses, and potential for growth.
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