$2,499,900
0 bd • ba • 2400 sf • Multifamily
521 Brown's Line
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$2,499,900
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521 Brown's LineToronto, ON, M8W 3V1

Alderwood
  • 0 Bed
  • Bath
  • 2400 Sqft
  • Multifamily

About this home

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). (id:32586)
Listed by: Errol Paulicpulle, Salesperson, HARVEY KALLES REAL ESTATE LTD.

Home facts and features

Price details
List Price
$2,499,900
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Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Lot Size
40 ft x 115 ft (4621 ft²)
Depth
115 ft ,4 in
Frontage
40 ft
Heating Type
Other
Community
Agent details
Primary Agent
Primary Broker
HARVEY KALLES REAL ESTATE LTD.
Secondary Agent
Lesia Szewczuk
Secondary Broker
HARVEY KALLES REAL ESTATE LTD.
Listing details
Days on REW
144 Days
Property Views
45
MLS® Number
W12160338
Source
Canadian Real Estate Association
Board
Toronto Real Estate Board

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Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
4.09%

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Property Insights

Sir Adam Beck Junior School
  • Public
  • JK - 5
St Ambrose Catholic School
  • Catholic
  • JK - 8
Lanor Junior Middle School
  • Public
  • JK - 8
New Haven Learning Centre
  • Private
  • JK - 12
Christ the King Catholic School
  • Catholic
  • JK - 8
James S Bell Junior Middle School
  • Public
  • JK - 8
ISNA Islamic School
  • Private
  • 9 - 12
Star Academy Elementary Private School
  • Private
  • JK - 8
Twentieth Street Junior School
  • Public
  • JK - 5
Lakeshore Collegiate Institute
  • Public
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Listing data was last updated on 2025-10-24.
Call Agent
Salesperson
Errol Paulicpulle
Phone:
416-930-9857
Office:
416-441-2888
Salesperson
Lesia Szewczuk
Phone:
(416) 441-2888
Office:
416-441-2888
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