43 BROADVIEW AVENUE, Mississauga, Ontario, L5H 2S8

MLS® # W12755426

Investment For Sale In Port Credit, Mississauga, Ontario

$1,899,000

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43 Broadview Avenue, Mississauga, ON - Outdoor With Facade

43 Broadview Avenue, Mississauga, ON - Outdoor With View

43 Broadview Avenue, Mississauga, ON - With View

43 Broadview Avenue, Mississauga, ON - Outdoor

43 Broadview Avenue, Mississauga, ON - Outdoor With Exterior

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43 BROADVIEW AVENUE, Mississauga, Ontario, L5H 2S8

$1,899,000

Property Information:

A rare opportunity to acquire either a well-maintained, income-producing triplex or two 23-foot semi-detached lots to build 6 units, subject to buyer verification and approvals. The 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:27)

Building Features:

Style: Multiplex
Building Type: Triplex
Basement Development: Finished
Basement Type: N/A
Exterior Finish: Brick
Floor Space: 2000 - 2500 sqft
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning

Property Features:

Property Type: Multi-family
Floor Space (approx): 2000 - 2500 Square Feet
Irregular: Yes
Lot Depth: 200 Feet
Lot Frontage: 46 Feet
Lot Size: 46 x 200 FT
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 8

Courtesy of: RE/MAX ESCARPMENT REALTY INC.

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