ON > Toronto W06 > Alderwood
Toronto W06, ON M8W 3V1,521 Brown's Line N/A
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Toronto W06, ON M8W 3V1,521 Brown's Line N/A
Toronto W06, ON M8W 3V1,521 Brown's Line N/A
Toronto W06, ON M8W 3V1,521 Brown's Line N/A
Toronto W06, ON M8W 3V1,521 Brown's Line N/A
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 2,499,900
Est. payment /mo
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Pending

521 Brown's Line N/A Toronto W06, ON M8W 3V1

3 Beds

6 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Pending

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision Alderwood

MLS Listing ID W12160307

Style 2-Storey

Bedrooms 3

Annual Tax Amount $5,265

Tax Year 2024

Property Sub-Type Multiplex

Lot Depth 115.37

Lot Front 40.05

Appx SqFt 2000-2500

Property Description

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).

Location

Province ON

County Toronto

Community Alderwood

Area Toronto

Rooms

Family Room No

Basement Apartment

Kitchen 6

Separate Den/Office 1

Interior

Interior Features Other

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Parking Features Private

Pool None

Roof Type Not Applicable

Lot Frontage 40.05

Lot Depth 115.37

Total Parking Spaces 5

Building

Unit Features Public Transit

Foundation Not Applicable

Listed by HARVEY KALLES REAL ESTATE LTD.
agent

Jethro Seymour

Broker

+1(416) 712-0767

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521 Brown's Line N/A

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