12 Batavia Avenue
Rockcliffe-Smythe, Toronto, M6N 4A2
For Sale
66.24 BTC

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9 + 3
BEDROOMS5
BATHROOMS5
KITCHENS37
ROOMSW12402385
MLSIDContact Us
Property Description
The property comprise 10 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.
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Nearby Intersections
Property Features
Public Transit, Park, School, ERV/HRV, Floor Drain, On Demand Water Heater, Solar Owned, Sump Pump, Upgraded Insulation, Water Heater Owned, Ventilation System, Lane, Smoke Detector, Carbon Monoxide Detectors
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Property Details
Property Type
Multiplex
Lot Size
26' x 150'
Taxes
$13,787 (2024)
Basement
Finished, Apartment
Heat Type
Heat Pump
Heat Source
Electric
Water
Municipal
Parking Spaces
1
Garage Type
None
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Listing contracted with Keller Williams Advantage Realty
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