Active

28 Algoma St

Toronto Ontario, M8Y 1C3

C$2,298,888


Active

6 Beds

4 Baths

Multi-family

Newly renovated brick quadplex in Etobicoke. Turnkey Investment opportunity or residential home in the heart of Mimico. A rare find, this low-maintenance brick building offers 4 beautifully updated units, two 2-bedroom units and two 1-bedroom basement apartments. Each unit provides privacy and comfort for tenants including a spacious backyard with greenery and 6 car surface parking. Ideally located close to Mimico GO Train offering a quick and direct commute to downtown Toronto. Enjoy the convenience of nearby shops, restaurants, parks, and the waterfront of Lake Ontario. Recent updates include kitchens, bathrooms, floors, lighting, HVAC and more. Coin-operated laundry income. Sitting on a large lot, this property has potential for expansion offering fantastic opportunity. Whether you're an investor looking for good cash flow or a buyer seeking a multi-unit home with rental income, this four-plex is a must-see. Don't miss out on this prime opportunity! Estimated property cap rate: 4.87%. See attached feature sheet for additional estimated financial information. This property presents a strong investment opportunity with consistent income, reasonable expenses, and potential for growth.

W12008823

MLS ID

March 9, 2025

Updated

Interior Features

Total Stories

2


Bedrooms

6


Total Bathrooms

4


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Gas

Exterior/Building Features

Lot Size

0.14 Acres


Sewer

Sewers

Other Property Details

Area Name

Mimico


Taxes

$5,629


Tax Frequency

Annually


Garage

No


Parking

None


Parking Total

6


View

No


County

Ontario


Municipality

Toronto


Water Source

Municipal


Pool

No


Pool Features

None


Zoning

Residential - Multi

 

Courtesy of Listed by , RE/MAX REALTY ENTERPRISES INC.,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2025 Toronto Real Estate Board. All rights reserved. 

Data last updated 11:35 AM UTC, 3/9/2025

 

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