156 ROYAL YORK ROAD, Toronto, Ontario

$1,099,000

3 Beds
3 Baths

Wonderful investment opportunity. Currently set up as three completely renovated apartments. Great house extensively renovated in 2012-13. Perfect turn key investment with all three apartments currently rented on a month to month basis. Cap Rate of 4.37%!! Located in the heart of Mimico, steps to transit and the GO line. Just a short stroll to the lake and Mimico village. Great for first time home buyers with a double income to help pay the mortgage. Large private backyard, and parking for up to three cars. Don't wait, take advantage of the current buyer's market. This property is priced to sell. Rents are as follows. Basement $1350, Main floor $1750, Second Floor $1900. Total monthly income of $5000. Gross yearly income is $60,000. Operating expenses for 2024 $12,000. Net income $48,000. (id:56241)

Listing ID: W12406957
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Kitchen	Second level	3.93 m x 2.25 m
Living room	Second level	4.68 m x 2.87 m
Dining room	Second level	4.68 m x 2.87 m
Bedroom	Second level	3.02 m x 4.67 m
Office	Second level	2.54 m x 2.03 m
Kitchen	Basement	2.73 m x 3.06 m
Living room	Basement	4.81 m x 4.86 m
Bedroom	Basement	4.81 m x 4.86 m
Kitchen	Ground level	3.81 m x 2.86 m
Living room	Ground level	3.03 m x 3.49 m
Dining room	Ground level	3.03 m x 3.49 m
Bedroom	Ground level	2.56 m x 3.27 m
Bedroom 2	Ground level	2.59 m x 3.65 m

Details

Ownership: Freehold
Parking Spaces: 3
Transaction: For sale

Building

Appliances: Dishwasher, Dryer, Microwave, Hood Fan, Range, Stove, Water Heater, Washer, Refrigerator
BasementType: N/A
Basement Features: Apartment in basement
Bedrooms Main Level: 3
Construction Style Attachment: Semi-detached
Exterior Finish: Brick
Fireplace Present: False
Flooring: Hardwood, Vinyl, Laminate
Foundation: Block
Bathrooms (Total): 3
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1100 - 1500 sqft
Stories Total: 2
Type: House
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 28 ft
Size Irregular: 28 x 117 FT

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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 156 ROYAL YORK ROAD in Toronto Ontario. It was last modified on September 16th, 2025. Contact us to schedule a viewing or to discover other Toronto homes for sale.

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