For sale

995&997 Lansdowne Ave

Dovercourt-Wallace Emerson- Junction Triangle, Toronto, Ontario

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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

DESCRIPTION

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.

Amenities & Features

Type: Detached

Features: Park, Place Of Worship, Public Transit, School,

Brokerage: CHESTNUT PARK REAL ESTATE LIMITED, BROKERAGE

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