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$ 8,550,000
Est. payment | /mo
12 Beds
5 Baths
3,500 SqFt
$ 8,550,000
Est. payment | /mo
12 Beds
5 Baths
3,500 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500 - 5000
Square Footage 3,500 sqft
Price per Sqft $2,442
Subdivision Rockcliffe-Smythe
MLS® Listing ID W12402385
Bedrooms 12
Property Description
The property comprise 5 furnished rental apartment suites and one laneway house also furnished. In total there are 4 two bedrooms and 1 four bedroom laneway suite. 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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Heat Pump
Cooling Wall unit, Ventilation system
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 1
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Listed by KELLER WILLIAMS ADVANTAGE REALTY
NEARBY SCHOOLS & PROPERTIES
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Franco Maione
Real Broker