For sale
Bedrooms
0
Bathrooms
N/A
Parking
5
Price
$10,500,000
MLS© ID
W5619628
Approx. Age
6-15
Listed Since
May 16th, 2022
Exterior
Stone, Stucco/Plaster
Air Conditioning
Central Air
Heating
Fan Coil
Pool
None
Type
Detached
Aprox. sq. footage
5000+
Taxes
$36,337
Style
Other
Garage
None
Basement
Apartment
Fireplace
Yes
Lot Size
52.00 x 114.00 Feet
This Is An Unprecedented Residential Investment Opportunity In "Turn-Key" Condition. Two Superbly Located "Purpose-Built" Detached Apartment Buildings At Dupont & Lansdowne. Being Sold Together As A Pair. Each 4-Storey Building Has 9 Suites - 18 Luxury Rental Suites In Total. These Mirror Image Buildings Were Designed, Engineered & Extensively Re-Constructed In 2016/2017. Excellent Rents & Great Tenants. Gross Income In 2021= $419,800. Higher Income In 2022. Net Income In 2021= $327,000. Most Suites Have Private Balconies/Outdoor Space. Front & Rear Staircases. Easy To Manage With "State Of The Art" Mechanical Systems & Infrastructure. All Suites Have Individual Ensuite Heating & Cac Systems (Fan Coil Units).16 Of 18 Suites Are Individually Hydro Metered. Immac Laundry Rooms W/Coin-Operated Machines & Individual Locked Cabinets Per Suite. Full Intercom Access Systems. Storage Lockers In Lower Level For Each Suite. Both Buildings Have Private Owner/Manager Offices With 2Pc Bathrooms.
Extras: Excellent Mix Of Suite Sizes: 9 X 2-Bdrms. 6 X 1 Bdrm Plus Den. 3 X 1 Bdrm. Full Smoke & Fire Suppression Systems (Sprinklers & Fire Hose Cabinets). Emergency Hallway Lighting Systems. Entire Perimeter Has Video Surveillance Cameras.
Type: Detached
Features: Park, Place Of Worship, Public Transit, School,
Brokerage: CHESTNUT PARK REAL ESTATE LIMITED, BROKERAGE