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521 Brown's Line
Alderwood
Toronto
M8W 3V1
$2,499,900
Residential Freehold
beds: 2+1
baths: 6.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- W12160307
- Bedrooms:
- 2+1
- Bathrooms:
- 6
- Photos (14)
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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).
- Property Type:
- Residential Freehold
- Property Sub Type:
- Multiplex
- Home Style:
- 2-Storey
- Total Approx Floor Area:
- 2000-2500
- Depth:
- 115'4½"35.2 m
- Frontage:
- 40'1"12.2 m
- Direction Faces:
- East
- Bedrooms:
- 2+1
- Bathrooms:
- 6.0
- Water supply:
- Municipal
- Kitchens:
- 6
- Kitchens in Basement:
- 2
- Bedrooms Above Grade:
- 2
- Bedrooms Below Grade:
- 1
- Kitchens Above Grade:
- 4
- Rooms Above Grade:
- 3
- Rooms Below Grade:
- 3
- Heating type:
- Water
- Heating Fuel:
- Gas
- Foundation:
- Not Applicable
- Roof:
- Not Applicable
- Basement:
- Apartment
- Fireplace/Stove:
- No
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Features:
- Private
- Parking Spaces:
- 5
- Total Parking Spaces:
- 5.0
- Family Room:
- No
- Possession Details:
- Imm/TBA
- Pool:
- None
- HST Applicable To Sale Price:
- Not Subject to HST
- Taxes:
- $5,265 / 2024
- Assessment:
- $- / -
- Toronto W06
- Alderwood
- Toronto
- Public Transit
- Other
- 6 fridges, 6 stoves, 6 dishwashers, 6 dryers, 6 washers, 6 microwaves, 6 wall mounted AC
- all personal property of the tenants
- Brick
- Utilities Cable:
- Yes
- Utilities Telephone:
- Yes
- Utilities Gas:
- Yes
- Utilities Hydro:
- Yes
- Utilities Water:
- Yes
- Sewers:
- Yes
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- Central Air
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
Larger map options:
Listed by HARVEY KALLES REAL ESTATE LTD.
Data was last updated May 24, 2025 at 04:15 AM (UTC)
Area Statistics
- Listings on market:
- 14
- Avg list price:
- $2,299,450
- Min list price:
- $1,749,900
- Max list price:
- $4,950,000
- Avg days on market:
- 62
- Min days on market:
- 3
- Max days on market:
- 569
These statistics are generated based on the current listing's property type
and located in
Toronto W06. Average values are
derived using median calculations.
- TYSON BRANDOW
- RE/MAX ESCARPMENT REALTY
- 1-905-573-1188
- Contact by Email
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.
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