Toronto W06, ON M8Y 1C3,28 Algoma ST
See all 42 photos
Toronto W06, ON M8Y 1C3,28 Algoma ST
Toronto W06, ON M8Y 1C3,28 Algoma ST
Toronto W06, ON M8Y 1C3,28 Algoma ST
Toronto W06, ON M8Y 1C3,28 Algoma ST

$2,298,888

Est. payment /mo

$2,298,888

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

28 Algoma ST Toronto W06, ON M8Y 1C3

6 Beds

4 Baths

SOLD DATE : 03/25/2025

Key Details

Sold Price $2,298,888

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

Subdivision Mimico

MLS Listing ID W12008823

Sold Date 03/25/25

Style 2-Storey

Bedrooms 6

Building Age 31-50

Annual Tax Amount $5,629

Tax Year 2024

Property Sub-Type Fourplex

Property Description

Newly renovated brick quadplex in Etobicoke. Turnkey Investment opportunity or residential home in the heart of Mimico. A rare find, this low-maintenance brick building offers 4 beautifully updated units, two 2-bedroom units and two 1-bedroom basement apartments. Each unit provides privacy and comfort for tenants including a spacious backyard with greenery and 6 car surface parking. Ideally located close to Mimico GO Train offering a quick and direct commute to downtown Toronto. Enjoy the convenience of nearby shops, restaurants, parks, and the waterfront of Lake Ontario. Recent updates include kitchens, bathrooms, floors, lighting, HVAC and more. Coin-operated laundry income. Sitting on a large lot, this property has potential for expansion offering fantastic opportunity. Whether you're an investor looking for good cash flow or a buyer seeking a multi-unit home with rental income, this four-plex is a must-see. Don't miss out on this prime opportunity! Estimated property cap rate: 4.87%. This property presents a strong investment opportunity with consistent income, reasonable expenses, and potential for growth.

Location

Province ON

County Toronto

Community Mimico

Area Toronto

Zoning Residential - Multi

Rooms

Basement Finished with Walk-Out, Full

Kitchen 4

Interior

Interior Features None

Cooling Central Air

Exterior

Parking Features None

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 6

Building

Foundation Poured Concrete

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Lited by RE/MAX REALTY ENTERPRISES INC.
agent

Max Hahne

Broker | License ID: 2053955

+1(705) 441-5800

GET MORE INFORMATION

Name
Phone*
Message