Selling
12 Batavia Avenue, Toronto W03, ON M6N 4A2
$8,550,000
Description
The property comprise 4 furnished rental apartment suites and one laneway house also furnished. In total there are 4 two bedrooms and 1 four bedroom units. All units are self contained and built and furnished to high end luxury standards. In total there is over 5,000 sf of rentable space. There is very little common area. The entire project is low maintenance with in ground snow melting and solar panels. All suites have full kitchens and in total there are 10 bathrooms. This is a headache free investment with a brand new building and no cap ex for another 20 years. The lease can be terminated and this could make a wonder full family compound. This housing is the future for the city. Potential to purchase the company and save LTT and take advantage of shareholder loans which would mean tax free income for 15 years at least. Potential to condo convert the asset.
Overview
Property ID:
W12402385
Type:
Multiplex
Bedrooms:
12
Bathrooms:
5
Square:
4,250 ft2
Price:
$8,550,000
PropertyType:
Residential Freehold
TransactionType:
For Sale
BuildingAreaUnits:
Square Feet
Cooling:
Wall Unit(s)
Heating:
Heat Pump
ParkingFeatures:
None
YearBuilt:
New
TaxAnnualAmount:
13787
PossessionDetails:
Immediate
Map
-
AddressToronto W03
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