Multiplex on Millicent Street
140 Millicent St
Toronto, ON. M6H 1W4
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MLS POSTING: #W9043413
Multiplex on Millicent Street
Invest in this turnkey triplex just steps to The Junction. A fully tenanted house with reliable renters. Located on a picturesque leafy west-end street. There are great neighbours and a real sense of community.
Asking Price: $1,279,000
Property Tax: $5,042.79 / 2024
Tenant Profiles and Financial Summary
Suite A
- $2,275/month + $45/month internet
- 530 sqft main floor suite
- Lease term to end of February 2024
- Ensuite laundry
- Bright, contemporary, 1 bedroom suite with updated kitchen and stainless steel appliances. Stove top and built-in oven 2024. Occupied by an ideal tenant who would like to stay.
Suite C
- $2,395/month + $45/month internet
- 766 sqft upper level suite
- Ensuite laundry
- Month to month, would like to sign an additional year term.
- Bright, upper 2 bedroom suite with large windows, dining room with cute arch detail and an eat-in kitchen with desk nook and stainless steel appliances.
- Wonderful tenants, tidy, friendly and great communicators.
Suite B
- $1,635/month inclusive
- 628 sqft basement apartment
- Month to month
- Beautifully maintained, 1 bedroom suite with den or possible 2nd bedroom and a dedicated separate entrance, private staircase and foyer. Occupied by a reliable tenant that takes great care of the entire building. Often available to help tidy and maintain the property – an ideal tenant.
A well run investment. Updated mechanicals, forced air gas furnace and central AC. Fenced backyard with 2 garden sheds for additional tenant storage. Fenced front yard with an adorable raised vegetable garden. A building with a great sense of community, friendly cooperative tenants and great neighbours.
Financial Summary
INCOME
Total Income
$6,395 / month
$76,740 / annually
EXPENSES
Property Tax
$420.23 / month
$5,042.79 / 2024
Insurance
$206.00
/ month (est. based on annual amount)
Hydro
$275.00
/ month (est. based on annual amount)
Enbridge Gas
$170.00
/ month (est. based on annual amount)
Hot Water Rental
$24.21
/ month
Rogers Internet
$95.00
/ month
Toronto Utilities
$150
/ month (est. based on annual amount)
TOTAL MONTHLY EXPENSES
$1,340.44
ESTIMATED NET MONTHLY INCOME
$5,056.00
ESTIMATED NET ANNUAL INCOME
$60,672.00
Financial Summary
INCOME
Total Income
$6,395 / month
$76,740 / annually
EXPENSES
Property Tax
$420.23 / month
$5,042.79 / 2024
Insurance
$206.00
/ month (est. based on annual amount)
Hydro
$275.00
/ month (est. based on annual amount)
Enbridge Gas
$170.00
/ month (est. based on annual amount)
Hot Water Rental
$24.21
/ month
Rogers Internet
$95.00
/ month
Toronto Utilities
$150
/ month (est. based on annual amount)
TOTAL MONTHLY EXPENSES
$1,340.44
ESTIMATED NET MONTHLY INCOME
$5,056.00
ESTIMATED NET ANNUAL INCOME
$60,672.00
Interior Floorplan
Suite A
Ground Floor
530 sqft
Suite C
Second Floor
766 sqft
Suite B
Lower Level
628 sqft
Interior Floorplan
Suite A
Ground Floor
530 sqft
Suite C
Second Floor
766 sqft
Suite B
Lower Level
628 sqft
Location
A short walk to the cute shops and cafes. Halo Brewery, Wallace Espresso, Cafe Neon and Sugo. Excellent local parks. Bike lanes in all directions. Close to Fresh Co, Food Basics and Shoppers Drug Mart. Only an 8 minute walk to the Lansdowne TTC Subway Station and a 5 min ride to the UP Express and Bloor GO for easy access to Pearson Airport and Union Station.
… You’ll Love Living Here!
