199 Islington Ave.

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Fourplex at Islington and Lakeshore           $998,000


199 Islington Ave
199 Islington Ave, Etobicoke  
M8V 3B8


Price: $998,000
Beds: 8
Baths:4



Presented by:
Jackie Carron
Sales Representative,
Keller Williams Neighbourhood Realty, Brokerage

Direct: 416-712-8840
Office: 416-236-1392
Web: JackieCarron.com

Listing Tools:

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Description:

Excellent investment opportunity. Detached Legal fourplex located at Islington and Lake Shore. Excellent south Etobicoke location close to bus stop, transit, highways, Humber College and shopping. Many recent improvements.

Approximately 5% cap rate and decent cash flow with 20% down.

4 apartments including a main floor deluxe 3 bedroom suite.

Call today to arrange a private viewing.

Features:

Lot Size 30 x 118 feet
Annual Income $61,320
Property Tax $3750.30
Enbridge Gas $2814.77
Toronto Hydro $4701.96
Water $1606.23

Apartment Details:

Apt 1 2 bedrooms, 1 washroom
Rents for $1300
Apt 2 1 bedroom, 1 washroom
Rents for $950
Apt 3 2 bedroom, 1 washroom with basement
Rents for $1100 (Well under market value)
Apt 4 3 bedrooms 1 washroom
Rents for $1760 (Deluxe owner suite)

Recent Upgrades:

Boiler replaced 2013

Hallway carpet changed to laminate

Apt 1 - new kitchen, new floors, new bathroom, freshly painted

Apt. 2 - freshly painted

Apt. 3 - needs to be renovated - tenants have been there a long time

Apt. 4 - is a huge unit with 3 bedrooms, separate laundry room, 2 entrances, open concept


Location on Map:

 

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Jackie Carron
Sales Representative,
Keller Williams Neighbourhood Realty, Brokerage
2968 Dundas St W, Suite 303,
Toronto, Ontario M6P 1Y8
Phone: 416-712-8840

Contact: jackie@jackiecarron.com
Office: 416-236-1392
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