$5,650,000

For sale

Book a showing

18 Cavell Avenue, Toronto (Mimico) - Multi-family for Sale

18 Cavell Avenue, Toronto (Mimico), Ontario, M8V1P2

10 baths6 parking5,457 ft² lot size

24 Victoria Street, Toronto (Mimico), Ontario, M8V1M6

6 bd3 ba4 pk1,750 ft²Lot size 25 × 146 ft (3,650 sq ft)

Listed by RE/MAX WEST REALTY INC.

18 Cavell Avenue, Toronto (Mimico), Ontario, M8V1P2

For sale

183 days ago

$5.65M

18 Cavell Avenue, Toronto (Mimico), Ontario, M8V1P2

7 bd10 ba6 pk4,250 ft²Lot size 41 × 132 ft (5,412 sq ft)

Listed by HARVEY KALLES REAL ESTATE LTD.

Investment analysis

Rental cashflow calculator

Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.

Estimated monthly rent

Enter the monthly rent you expect, or adjust our estimate.

Down payment (%)

Rate (%)

Amortization (yrs)

Property tax (/ yr)

Condo fee (/ mo)

Insurance (est. / mo)

Maint. + vacancy (est. / mo)

Enter an estimated monthly rent to see the cashflow.

Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.

$5,650,000

Toronto

Book a showing

41 × 132 ft (5,412 sq ft)

Overview

This multi-family property in Toronto is for sale offering roughly 5,457 sq ft of space.

Multi-Family Properties for Sale in Toronto →All real estate in Toronto →

Description

10 Units. Fully renovated. Stabilised Asset. CMHC Financing at 3.95% to 2034. Fully gutted & renovated (2020). All units include 6 stainless steel appliances, new kitchens, new baths, new floors & new windows. Fully rented. Gross $232K. Assumable $3.91M CMHC mortgage @ 3.95% to 2034! Photos are from previous listing. ONE YEAR FREE PROPERTY MANAGEMENT - ASK LA FOR DETAILS (id:66096)

Property Details

MLS®: W13051700
Property Type: Multi-family
Business Type: Residential
Zoning: RM (u3;d0.6*22)
Bathrooms: 10
Parking: 6
Interior Size: 5,457 ft²
Lot Size: 41 × 132 ft (5,412 sq ft)
Frontage: 41 ft
Heating: Radiant heat
Cooling: Fully air conditioned
Property Tax: $16,941.56/yr
Listed: 190 days ago

Features

Appliances: Washer, Dishwasher, Dryer

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

190d

Toronto (Mimico) listings, avg age

56d

Price / ft²

$1,035

List price

$5.65M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This multi-family in Toronto (Mimico) is available now. Want me to connect you with the agent or keep you posted on any price updates?

Set a price alert Book a showing

Listed by HARVEY KALLES REAL ESTATE LTD. · ERROL PAULICPULLE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $5,650,000, about 71.5× the local median household income of $79,000.

Carrying it typically needs a household income of about $1,103,643 (20% down, 25-yr amortization, stress-tested) — roughly 1297% above the area median.

Median household income: $79,000
Population: 44,144
Median age: 40
Owner / renter: 49% / 51%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M8V)

$5,650,000· $1,035/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment20% · $1,130,000

Min 20%50%

Mortgage payment$24,096/mo

Property tax (est.)$1,412/mo

Total monthly$25,508

Cash Needed to Close

Down payment (20%)$1,130,000

Land transfer tax$255,450

Est. closing costs$19,450

Total cash needed$1,404,900

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice