Natasha

Travis

Jolanda

43 Broadview Avenue - $1,899,000

43 Broadview Avenue

$1,899,000

Port Credit

Mississauga Port Credit, OntarioL5H2S8

4 beds

3 baths

8 parking

MLS#: W13069906Listed: 2 months agoUpdated:25 days ago

Description

5% downpayment financing available for one year and two year terms. A rare opportunity to acquire either a well-maintained, income-producing triplex or a permit ready two 23-foot semi-detached lots to build 6 units, subject to buyer verification and approvals. The permit ready semi-detached homes will include approximately 3050sq ft of finished above-grade living space including a detached garden suite, and a fully self-contained lower-level two-bedroom apartment of approximately 1,325 sq.ft. The property currently contains a well-maintained triplex generating approximately $7,000 per month in rental income, comprised of three units at approximately $2,500, $2,500, and $2,000. All tenancies are market-rate and month-to-month, providing valuable interim income while planning or advancing future redevelopment. Ideally located just steps to the lake and the Brightwater community, the property offers walkable access to Port Credit Village amenities including shops, restaurants, cafés, Farm Boy, LCBO, pharmacy, medical offices, and convenient highway access to downtown Toronto.43 Broadview and 19 Broadview are listed concurrently, presenting a unique opportunity for builders or investors to control adjacent properties and pursue a coordinated redevelopment of up to 12 total units, subject to municipal approvals. A proposed Montbeck-built configuration supports strong rental upside, with estimated rents of approximately $5,000/month for the upper residence, $3,000/month for the lower-level suite, and $3,000/month for the detached garden suite, totaling approximately $11,000/month per semi when fully leased. End users may occupy the primary residence while generating approximately $6,000/month from secondary suites to offset carrying costs. Rental figures are illustrative only. Buyers to verify zoning, approvals, measurements, severance status, and development potential to their own satisfaction. (id:63050)

Details

Details for 43 Broadview Avenue, Mississauga Port Credit, Ontario

Property Type: Multi Family
Building Type: Triplex
Storeys: 2
Neighborhood: Port Credit
Land Size: 46 x 200 FT
Year Built: -
Annual Property Taxes: $9,201
Parking Type: No Garage

Inside

Appliances: -
Rooms: -
Bedrooms: 4
Bathrooms: 3
Fireplace: -
Fireplace Total: -
Basement: Finished, N/A

Building

Architecture Style: -
Direction: Cross Streets: Lakeshore and Broadview. ** Directions: Lakeshore Road W to Broadview.
Type of Dwelling: triplex
Roof: -
Exterior: Brick
Foundation: Block
Flooring: -