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List Price: $2,499,900

521 Brown's Line N/A, Etobicoke, M8W 3V1

- By HARVEY KALLES REAL ESTATE LTD.
Investment|MLS - #W12160338|New
Bed
Bath
2400 Sqft.
Double Detached Garage

Client Remarks

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 (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 in a high-demand rental market. All rents are market or above (one unit vacant for showings).
Property Description

521 Brown's Line N/A, Etobicoke, M8W 3V1

Property type

Investment

Lot size

N/A acres

Style

Approx. Area

2400 Sqft

Home Overview

Last check for updates

Virtual tour

N/A

Basement information

Building size

2400

Status

In-Active

Property sub type

Maintenance fee

$N/A

Year built

--

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521 Brown's Line N/A, Etobicoke, M8W 3V1
Nearby Places
Sales Representative

Shally Shi

Sales Representative, Dolphin Realty Inc

English, Mandarin
Commercial PropertiesProperty Management

Mortgage Information

Estimated Payment

$0 Principal and Interest

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