SOLD - 273 Indian Road - RONCESVALLES/HIGH PARK
This is a 6+2 bedroom, 6 bathroom, 5 unit multiplex house on a 29.5 x 114.13 foot lot with 3 parking spots at 273 Indian Road.
According to the listing, it makes an annual net income of $72,670.
I have no idea, but that seems like a lot.
This house was listed at $1,499,000.
It sold in 5 days...
For $1,720,000.
So, at that price, does this makes sense to stay as a multiplex with $72k annual income?
Ummm... I guess it's possible this is going to have a huge renovation and addition like the house at 229 Wright Avenue...
That sold for $2,350,000....
But could that be done for $600,000!?!
I don't think so.
And at that price, it can't be a flip.
So, I have no idea what is going on here.
But clearly there was nowhere else to keep this gas tank...
With all those chairs on the deck...
