24
156 Royal York Road
$1,099,000 Sale
Listed 19 hours ago
· 3
· 3
· 1
· 1100-1500
Key Facts
Key facts for 156 Royal York Road
Property Type
House, 2-Storey
Parking
Attached 1 garage, 2 parking
MLS #
W12406957
Size
1100-1500 sqft
Basement
Apartment
Listed on
2025-09-16
Lot size
28 x 117.0
Tax
$3,956 /yr
Days on Market
1
Approximate Age
-
Maintenance Fee
-
Description
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 t...ransit 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.
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Courtesy of: REAL ESTATE HOMEWARD