, Toronto, Ontario M8V 1R3

  • $2,900,000
, Toronto, Ontario M8V 1R3
For Sale

, Toronto, Ontario M8V 1R3

, Toronto, Ontario M8V 1R3
  • $2,900,000

Overview

Property ID: 14876800
  • Store W/Apt/Office
  • Property Type

Description

Right in the Heart of Mimico Village and Perfectly Located for Subway Bus, Lakeshore Streetcar, No Frills Supermarket, San Remo Bakery, Mimico Go Train Station, Lakefront Parks, Major Highways, Downtown Toronto, Great, Fully Renovated and Tenanted Commercial Building consisting of 56 Mimico Avenue, 120, 122, & 124 Queens Avenue. Main Floor Commercial Space of 650 sq. ft, used as Busy Ladies Hair Salon, plus 3 x 2 Bedroom Apartments, 1 x 1 Bedroom Apartment. Mechanical Upgrades done over the past few years include Roof, Windows, Electrical, Plumbing, Heating ( New Wall Mounted Gas Boiler ). Excellent Financials , Gross Income approximately $105,000, Expenses approximately $10,000 ( NOTE: Tenants pay $3,000. per year of the Annual Property Taxes and their own Hydro and Hot Water, ) Net Income approximately $95,000. Very good Tenants, See Attachment for Financials.

  • Address ,
  • City Toronto
  • State/county Ontario
  • Zip/Postal Code M8V 1R3
  • Area Toronto
  • Country Canada

Details

Updated on January 29, 2024 at 9:24 am
  • Property ID: 14876800
  • Price: $2,900,000
  • Property Type: Store W/Apt/Office
  • Property Status: For Sale
  • MLS#: W7041164
  • Office Name: RE/MAX PROFESSIONALS INC.
  • MLS Status: Active

Additional details

  • Extras: Full address is 56 Mimico Ave & 120, 122 &124 Queens Ave.
  • Air Conditioning: N
  • Approx Age: 51-99
  • Taxes: 7378.00
  • Tax Year: 2023
  • Community: Mimico
  • Heating: Gas Hot Water
  • Basement: Y

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