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6
BEDROOMS6
BATHROOMS6
KITCHENS18
ROOMSW12673128
MLSIDContact Us
Property Description
Turnkey investment opportunity in the heart of Mimico. This well-maintained multiplex consists of six renovated one-bedroom units generating premium rental income. High tenant demand supports a solid 4% cap rate with +$93,000 NOI.Shingles, trusses/soffits, eaves and chimney replaced in 2017.
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Nearby Intersections
Property Features
Separate Hydro Meter, Available, Alarm System, Security System, Smoke Detector
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Property Details
Address
90 Portland Street
Community
City
Postal Code
M8Y 1A7
Property Type
Multiplex, Multiplex
Lot Size
50' x 125'
Taxes
$8,491 (2025
Basement
Finished
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
6
Garage Type
None
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Listing contracted with Keller Williams Referred Urban Realty
Corner-lot multiplex at the intersection of Clinton and Barton Ave, set on a 20 x 78 ft in the Annex. This property features 5+1 self-contained units with efficient one-bedroom and bachelor layouts, offering strong income potential (gross rental not including coin laundry is over $130k) and tenant appeal. The third-floor unit enjoys access to a large private rooftop terrace. Building improvements include a new flat roof (2 years old), waterproofed basement, furnace replaced 5 years ago, and upgraded city water line to a full 1-inch service. Tenants benefit from shared coin-operated Maytag laundry machines on site. An investment opportunity with solid fundamentals and thoughtful updates in a highly desirable neighbourhood.
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