Toronto W06, ON M8W 3V1,521 Brown's Line N/A
Toronto W06, ON M8W 3V1,521 Brown's Line N/A
Toronto W06, ON M8W 3V1,521 Brown's Line N/A
Toronto W06, ON M8W 3V1,521 Brown's Line N/A
Toronto W06, ON M8W 3V1,521 Brown's Line N/A
Toronto W06, ON M8W 3V1,521 Brown's Line N/A
See all 14 photos

$2,375,000

$2,499,900

5.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

3 Beds

6 Baths


SOLD DATE : 10/30/2025

Key Details

Sold Price $2,375,000

Property Type Multi-Family

Sub Type Multiplex

Listing Status Sold

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision Alderwood

MLS Listing ID W12160307

Sold Date 10/30/25

Style 2-Storey

Bedrooms 3

Annual Tax Amount $5,265

Tax Year 2024

Property Sub-Type Multiplex

Property Description

Fully Renovated Six units. 5% CAP RATE! Assumable mortgage of $1,745,000 at 4.25% (to 2032).CMHC-Insured Mortgage. South Etobicoke Gem. 5.5% return on cash! All units renovated to New Condo Standard! Exceptional turnkey 6-unit building fully gutted and renovated in 2021/2022 to condo standards. Each unit features new kitchens, soft close cabinet doors, new bathrooms, new flooring, and includes 6 new appliances (fridge, stove, dishwasher, microwave, washer, and dryer). Upgraded mechanicals, new high-efficiency furnace, 6 new (wall mounted) AC systems, and modern finishes throughout make this a rare hands-off investment. Strong rental income with a current 5% cap rate. Private drive with parking for 5 cars. Outstanding investor advantage with an assumable CMHC-insured mortgage of $1,745,000 at 4.25%fixed until December 2032, providing below-market financing and excellent cash flow stability. Located in desirable South Etobicoke, close to transit, major highways, and amenities. A rare opportunity to own a fully stabilized, low-maintenance asset with built-in financing in a high-demand rental market. All rents are market or above (one unit vacant for showings).

Location

Province ON

County Toronto

Community Alderwood

Area Toronto

Rooms

Family Room No

Basement Apartment

Kitchen 6

Separate Den/Office 1

Interior

Interior Features Other

Cooling Central Air

Exterior

Parking Features Private

Pool None

Roof Type Not Applicable

Lot Frontage 40.05

Lot Depth 115.37

Total Parking Spaces 5

Building

Foundation Not Applicable

Others

Senior Community Yes

ParcelsYN No

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Listed by HARVEY KALLES REAL ESTATE LTD.

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Stjepan Rasic

Stjepan Rasic

Broker

+1(905) 901-1596

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