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.
Address
12 Batavia Avenue
List Price
$8,550,000
MLS® Status
New
Expiration Date
2026-09-13
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
3-Storey
Transaction Type
Sale
Area
Toronto W03
Sub-Area
Rockcliffe-Smythe
Region
Toronto
Bedrooms
9 + 3
Bedrooms (Total)
12
Rooms Above Grade
37
Bathrooms
5
Floor Area
3500-5000 Sq. Ft.
Lot Depth
149.61
Lot Size Units
Feet
Lot Width
26.28
Parcel Number
105170248
Occupant Type
Tenant
Cross Street
Runnymede Rd / St. Clair Ave W
Approx. Age
New
MLS® Number
W12402385
Listing Brokerage
KELLER WILLIAMS ADVANTAGE REALTY
Basement Area
Finished, Apartment
Postal Code
M6N 4A2
Posession Details
Immediate
Parking
Lane
Parking Places (Total)
1
Parking Spaces
1
Tax Amount
$13,787.00
Tax Year
2024
Site Influences
Park, Public Transit, School
Interior Features
ERV/HRV, Floor Drain, On Demand Water Heater, Solar Owned, Sump Pump, Upgraded Insulation, Water Heater Owned, Ventilation System
Property Features
Public Transit, Park, School
Central Vacuum
No
Family Room
Yes
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Electric
Heat Type
Heat Pump
Cooling Features
Wall Unit(s)
Construction Materials
Stucco (Plaster), Brick
Direction Faces
East
Fireplace
No
Foundation Details
Concrete Block, Concrete, Poured Concrete
Garage
No
Garage Type
None
Kitchens Total
5
Kitchens Above Grade
5
Pool Features
None
Roof
Flat
Tax Legal Description
PT LT 15 BLK B PL 648 TWP OF YORK AS IN TB781321; TORONTO (YORK) , CITY OF TORONTO
Security Features
Smoke Detector, Carbon Monoxide Detectors
Waterfront
No
Sewer
Sewer