156 Royal York Road, Toronto, Ontario M8V 2V3

Listed for:
$1,099,000
3 beds
3 baths
Listed 61 days ago
House for rent: 156 Royal York Road, Toronto, Ontario M8V 2V3

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Learn more about this property
Listing provided by:
REAL ESTATE HOMEWARD
MLS® number:
W12406957
Agent:
James Robert Bond
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About

Cross Streets: Royal York and Lakeshore. ** Directions: North of Lakeshore on west side of Royal York. 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. (id:27476)

Property Highlights

MLS® Number
W12406957
Type
Single Family
Community Name
Mimico
Ownership Type
Freehold
Land Size
28 x 117 FT
Parking Space Total
3

Building

Building Type
House
Storeys
2.00
Square Footage
1100 - 1500 sqft
Bathrooms Total
3
Bedrooms Above Ground
3
Bedrooms Total
3
Exterior Finish
Brick
Fireplace Present
No
Basement Type
N/A
Basement Features
Apartment in basement
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
None

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Room Layout

Kitchen
Second level
3.93 m x 2.25 m
Living room
Second level
4.68 m x 2.87 m
Dining room
Second level
4.68 m x 2.87 m
Bedroom
Second level
3.02 m x 4.67 m
Office
Second level
2.54 m x 2.03 m
Kitchen
Basement
2.73 m x 3.06 m
Living room
Basement
4.81 m x 4.86 m
Bedroom
Basement
4.81 m x 4.86 m
Kitchen
Ground level
3.81 m x 2.86 m
Living room
Ground level
3.03 m x 3.49 m
Dining room
Ground level
3.03 m x 3.49 m
Bedroom
Ground level
2.56 m x 3.27 m
Bedroom 2
Ground level
2.59 m x 3.65 m

Location

Street Spotlight - For sale