43 Broadview Avenue, Mississauga, Ontario L5H 2S8

Listed for:
$1,899,000
4 beds
3 baths
Listed 12 days ago
Triplex for rent: 43 Broadview Avenue, Mississauga, Ontario L5H 2S8

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About

Cross Streets: Lakeshore and Broadview. ** Directions: Lakeshore Road W to Broadview. A rare opportunity to acquire either a well-maintained, income-producing triplex or two 23-foot semi-detached lots to build 6 units, subject to buyer verification and approvals. The semi-detached homes will include approximately 3050sq ft of finished above-grade living space including a detached garden suite, and a fully self-contained lower-level two-bedroom apartment of approximately 1,325 sq.ft. The property currently contains a well-maintained triplex generating approximately $7,000 per month in rental income, comprised of three units at approximately $2,500, $2,500, and $2,000. All tenancies are market-rate and month-to-month, providing valuable interim income while planning or advancing future redevelopment. Ideally located just steps to the lake and the Brightwater community, the property offers walkable access to Port Credit Village amenities including shops, restaurants, cafés, Farm Boy, LCBO, pharmacy, medical offices, and convenient highway access to downtown Toronto.43 Broadview and 19 Broadview are listed concurrently, presenting a unique opportunity for builders or investors to control adjacent properties and pursue a coordinated redevelopment of up to 12 total units, subject to municipal approvals. A proposed Montbeck-built configuration supports strong rental upside, with estimated rents of approximately $5,000/month for the upper residence, $3,000/month for the lower-level suite, and $3,000/month for the detached garden suite, totaling approximately $11,000/month per semi when fully leased. End users may occupy the primary residence while generating approximately $6,000/month from secondary suites to offset carrying costs. Rental figures are illustrative only. Buyers to verify zoning, approvals, measurements, severance status, and development potential to their own satisfaction. (id:27476)

Property Highlights

MLS® Number
W12755426
Type
Multi-family
Community Name
Port Credit
Land Size
46 x 200 FT
Parking Space Total
8

Building

Building Type
Triplex
Storeys
2.00
Square Footage
2000 - 2500 sqft
Bathrooms Total
3
Bedrooms Above Ground
4
Bedrooms Total
4
Exterior Finish
Brick
Fireplace Present
No
Basement Type
N/A (Finished)
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Central air conditioning

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

Learn more about this property
Listing provided by:
RE/MAX ESCARPMENT REALTY INC.
MLS® number:
W12755426
Agent:
Peter Philip Papousek
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