156 Royal York Road Toronto, Ontario M8V 2V3
$1,099,000
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:60365)
Property Details
| MLS® Number | W12406957 |
| Property Type | Single Family |
| Community Name | Mimico |
| ParkingSpaceTotal | 3 |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 3 |
| BedroomsTotal | 3 |
| Appliances | Dishwasher, Dryer, Microwave, Hood Fan, Range, Stove, Water Heater, Washer, Refrigerator |
| BasementFeatures | Apartment In Basement |
| BasementType | N/a |
| ConstructionStyleAttachment | Semi-detached |
| ExteriorFinish | Brick |
| FlooringType | Hardwood, Vinyl, Laminate |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1100 - 1500 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| Attached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 117 Ft |
| SizeFrontage | 28 Ft |
| SizeIrregular | 28 X 117 Ft |
| SizeTotalText | 28 X 117 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Kitchen | 3.93 m | 2.25 m | 3.93 m x 2.25 m |
| Second Level | Living Room | 4.68 m | 2.87 m | 4.68 m x 2.87 m |
| Second Level | Dining Room | 4.68 m | 2.87 m | 4.68 m x 2.87 m |
| Second Level | Bedroom | 3.02 m | 4.67 m | 3.02 m x 4.67 m |
| Second Level | Office | 2.54 m | 2.03 m | 2.54 m x 2.03 m |
| Basement | Kitchen | 2.73 m | 3.06 m | 2.73 m x 3.06 m |
| Basement | Living Room | 4.81 m | 4.86 m | 4.81 m x 4.86 m |
| Basement | Bedroom | 4.81 m | 4.86 m | 4.81 m x 4.86 m |
| Ground Level | Kitchen | 3.81 m | 2.86 m | 3.81 m x 2.86 m |
| Ground Level | Living Room | 3.03 m | 3.49 m | 3.03 m x 3.49 m |
| Ground Level | Dining Room | 3.03 m | 3.49 m | 3.03 m x 3.49 m |
| Ground Level | Bedroom | 2.56 m | 3.27 m | 2.56 m x 3.27 m |
| Ground Level | Bedroom 2 | 2.59 m | 3.65 m | 2.59 m x 3.65 m |
https://www.realtor.ca/real-estate/28869968/156-royal-york-road-toronto-mimico-mimico
James Robert Bond
Salesperson
1858 Queen Street E.
Toronto, Ontario M4L 1H1
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September 16 2025 06:03:23
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