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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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Wonderful investment opportunity in a great neighbourhood completely renovated top to bottom. Excellent rental income, approximately 6.1% Cap Rate great tenants 5 units in total and rough in already done for a garden suite at the back for a total of 6 units with potential to increase the income with $36,000 per year and the equity with approximately 800,000$. 3 Two Bedrooms 1 One Bed and 1 Bachelor. Brand new kitchens, new bathrooms, new floors, new pot lights trough out, new windows, and roof, new concrete driveway and porch in front of the property new fence, 4 new balconies, new stairwell and railings, sensor lighting new doors Each unit has it's own new furnace and hot water tank stackable washers and dryers new stainless steel appliances each two bedroom has two bathrooms. Potential to instal separate hydro meters Very close to Shopping, Transportation, Schools.
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