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56 Mimico Ave Toronto, Ontario M8V 1R3

2178 sqft

$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 address is 56 Mimico Ave & 120, 122 &124 Queens Ave. (id:50449)

Property Details

MLS® Number W7041164
Property Type Retail
Neigbourhood Mimico
Community Name Mimico
Amenities Near By Highway, Public Transit

Building

Size Interior 2178 Sqft
Type Residential Commercial Mix
Utility Water Municipal Water

Land

Acreage No
Land Amenities Highway, Public Transit
Size Irregular 16.5 X 132 Ft
Size Total Text 16.5 X 132 Ft

https://www.realtor.ca/real-estate/26115577/56-mimico-ave-toronto-mimico


PHILIP WYNNE
Broker

(416) 315-7180
www.philipwynne.com/
IRENA COYNE
Salesperson

(416) 317-7377
(416) 317-7377
www.irenacoyne.com/