$5,650,000

For sale

Book a showing

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

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

7 beds10 baths6 parking ft²

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

190 days ago

$5.65M

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

10 ba6 pk5,457 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

Description

10 Units. Fully Renovated with Stabilised rent. CMHC Financing at 3.95% to 2034. Fully gutted and renovated (2020). All units include 6 stainless steel appliances, new kitchens, new baths, new floors and new windows. Fully rented at market rents. 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®: W13085404
Property Type: Multi-family
Bedrooms: 7
Beds (above / below): 6 above · 1 below
Bathrooms: 10
Parking: 6
Interior Size: 4,250 ft²
Lot Size: 41 × 132 ft (5,412 sq ft)
Frontage: 41 ft
Storeys: 2
Basement: Finished, N/A
Heating: Natural gas
Cooling: Wall unit
Garage: No Garage
Property Tax: $16,941.56/yr
Listed: 183 days ago

Market Timing

Days on market

183d

Toronto (Mimico) listings, avg age

56d

Price / ft²

$1,329

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.

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· $1,329/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

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

Rental cashflow calculator

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M8V)

Book a showing

Full Cost Breakdown