156 Royal York Road, Toronto (mimico) Property Listing: MLS® #W12406957

About 156 Royal York Road

Wonderful investment opportunity. Currently set up as three completely renovated apartments. Great house extensively renovated in 2012-13. Perfect turn key investment with all three apartments currently rented on a month to month basis. Cap Rate of 4.37%!! Located in the heart of Mimico, steps to transit and the GO line. Just a short stroll to the lake and Mimico village. Great for first time home buyers with a double income to help pay the mortgage. Large private backyard, and parking for up to three cars. Don't wait, take advantage of the current buyer's market. This property is priced to sell. Rents are as follows. Basement $1350, Main floor $1750, Second Floor $1900. Total monthly income of $5000. Gross yearly income is $60,000. Operating expenses for 2024 $12,000. Net income $48,000. (id:36535)

Features of 156 Royal York Road

Listing #	W12406957
Price	$1,099,000
Bedrooms	3
Bathrooms	3.00
Acres	0.00
Type	Single Family
Sub-Type	Freehold

Community Information

Address	156 Royal York Road
Subdivision	Mimico
City	Toronto (mimico)
Province	Ontario
Postal Code	M8V2V3

Amenities

Parking Spaces	3
Parking	Attached Garage, Garage
# of Garages	2
Is Waterfront	No
Has Pool	No

Interior

Appliances	Dishwasher, Dryer, Microwave, Hood Fan, Range, Stove, Water Heater, Washer, Refrigerator
Heating	Natural gas Forced air
Cooling	None
Fireplace	No
# of Stories	2
Has Basement	Yes
Basement Features	Apartment in basement
Basement Type	N/A

Exterior

Exterior	Brick
Lot Description	28 x 117 FT
Foundation	Block

Listing Details

Office	Courtesy Of REAL ESTATE HOMEWARD

156 Royal York Road, Toronto (mimico), Ontario