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56 Mimico Ave Toronto, Ontario M8V 1R3

7 Bedroom 5 Bathroom
Central Air Conditioning Radiant Heat

$2,900,000

Right in the Heart of Mimico Village and Perfectly Located for Subway Bus, Lakeshore Streetcar, No Frills Supermarket, San Remo Bakery, Mimico Go Train Station, Lakefront Parks, Major Highways, Downtown Toronto, Great, Fully Renovated and Tenanted Commercial Building consisting of 56 Mimico Avenue, 120, 122, & 124 Queens Avenue. Main Floor Commercial Space of 650 sq. ft, used as Busy Ladies Hair Salon, plus 3 x 2 Bedroom Apartments, 1 x 1 Bedroom Apartment. Mechanical Upgrades done over the past few years include Roof, Windows, Electrical, Plumbing, Heating ( New Wall Mounted Gas Boiler ). Excellent Financials , Gross Income approximately $105,000, Expenses approximately $10,000 ( NOTE: Tenants pay $3,000. per year of the Annual Property Taxes and their own Hydro and Hot Water, ) Net Income approximately $95,000. Very good Tenants, See Attachment for Financials.**** EXTRAS **** Full property address: 56 Mimico Ave, 120, 122 & 124 Queens Ave. (id:50810)

Property Details

MLS® Number W7041146
Property Type Retail
Community Name Mimico
Parking Space Total 1

Building

Bathroom Total 5
Bedrooms Above Ground 7
Bedrooms Total 7
Basement Development Partially Finished
Basement Type N/a (partially Finished)
Cooling Type Central Air Conditioning
Exterior Finish Brick
Heating Fuel Natural Gas
Heating Type Radiant Heat
Type Residential Commercial Mix
Utility Water Municipal Water

Parking

Attached Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Irregular 16.5 X 132 Ft
Size Total Text 16.5 X 132 Ft

https://www.realtor.ca/real-estate/26115573/56-mimico-ave-toronto-mimico

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