$2,298,888

4 + 2 Bed, 4 Bath, 2-Storey home is located near Royal York & Algoma St in Mimico.

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.

28 Algoma St, Toronto is a 4 + 2 bedroom, 4 bathroom residential 2-Storey fourplex home. 28 Algoma St, Toronto is conveniently located in the Mimico neighbourhood of Toronto Ontario. 28 Algoma St, Toronto is an MLS®-Listed home with an asking price of $2,298,888. This residential property has been listed on ctfrealty.com for 1 days. The home is 31-50 years old. Based on the Listing Price of 28 Algoma St, Toronto, the estimated monthly mortgage payment would be $11,108. This Mortgage payment is calculated on a 5 year fixed mortgage with 25 year amortization and an interest rate of 5.39% with a down payment of 20%. The Annual property taxes for 28 Algoma St, Toronto are approximately $5,629/year based on 2024 assessment.

This 2-Storey fourplex home located at 28 Algoma St, Toronto features a Brick exterior. The lot size of this North facing property is 50 x 125.5 feet. The property has 6 parking spaces. The home has Gas fueled Forced Air heating.