521 Brown's Line Toronto, Ontario M8W 3V1
$2,499,900
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). (id:53661)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | W12160338 |
| Property Type | Multi-family |
| Neigbourhood | Alderwood |
| Community Name | Alderwood |
Building
| Appliances | Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator |
| Cooling Type | Fully Air Conditioned |
| Heating Type | Other |
| Size Interior | 2,400 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 115 Ft ,4 In |
| Size Frontage | 40 Ft |
| Size Irregular | 40.05 X 115.37 Ft |
| Size Total Text | 40.05 X 115.37 Ft |
| Zoning Description | Rm9u3*18) |
https://www.realtor.ca/real-estate/28339405/521-browns-line-toronto-alderwood-alderwood
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May 20 2025 11:52:03
Toronto Regional Real Estate Board
Harvey Kalles Real Estate Ltd.
