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