156 Royal York Road

Toronto, ON M8V 2V3 ( Mimico)

Quick Facts

Type: Semi-Detached

Style: 2-Storey

Size: Sq Ft

Age: Years

Taxes: $ 3,956 ( 2024)

Updated: 2025-11-19 12:57:02

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 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.

Extras

Semi-Detached

Property

Status: For Sale

MLS #: W12406957

Price: $ 1,049,000

Address: 156 Royal York Road

Type:

Style: 2-Storey

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 3,956

Tax Year: 2024

Lot Size:

Neighbourhood: Mimico

Nearest Intersection: Royal York and Lakeshore

City: Toronto

Postal Code: M8V 2V3

DOM: 121 Days

Last Update: 2025-11-19 12:57:02

 

Building

Interior

Bedrooms: 3

Bathrooms: 3

Rooms: 0

Kitchens: 3

Family Room:

Fireplace:

Basement: Apartment,

Central Vacuum:

 

Exterior

Exterior: Brick,

Driveway:

Garage: Private

Garage Spaces:

Parking Spaces: 3.00

Pool:

 

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: None

Water:

Sewers:

 

Features

 

Rooms