43 Broadview Avenue Mississauga, Ontario L5H 2S8

$1,899,000

Two semi-detached residences creating six self-contained units in total, offered through a rare Port Credit opportunity featuring an income-producing property with approved plans for a Montbeck Developments-built redevelopment. Committee of Adjustment approval allows for split-lot development on a deep 200-foot lot, with each semi designed to include approximately 2,500 sq.ft. above grade, a fully self-contained lower-level two-bedroom apartment of approximately 1,325 sq.ft., and a detached garden suite. The property currently contains a well-maintained triplex generating approximately $7,000/month in rental income, comprising three units at approximately $2,500, $2,500, and $2,000. Tenancies are market-rate and on month-to-month leases, providing valuable interim income while planning or advancing redevelopment. Ideally located steps to the lake and the Brightwater community, with 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, offering builders or investors the opportunity to control adjacent properties and pursue a coordinated redevelopment of up to 12 total units, subject to approvals. The 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 details to their own satisfaction. (id:50976)

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https://www.realtor.ca/real-estate/29320610/43-broadview-avenue-mississauga-port-credit-port-credit