02.24
22

What The F*ck News: This Full Block In Toronto With A History Of Bed Bugs, Roach Infestations And So Many Fires Is On Sale For Close To $19M – 6ixBuzz

by admin ·

What would you do with nearly $19 million bucks to throw away? Probably not spend it on an entire block that has a history of bug infestations and multiple fires, right?

In case you are down for it though, its currently on the market and up for grabs.

Thats right, Four separate but close properties in Parkdale Village are officially on sale for reportedly $18,750,000.

Colliers, a real-estate agency in Canada, listed the multi-family buildings on their site.

According to them, the property presents investors with an opportunity to acquire four separate properties, totaling 62 suites + 2 office suites, the agency said.

This is a unique opportunity to reposition an apartment building in downtown Toronto.

Seemingly every property on sale (2, 4, 6, and 8 Laxton Avenue) has a bit of a rough history.

BlogTO reports that one of the properties, a building with 52 units, has a record of bed bugs and roach infestations.

Thats not all, 4 Laxton Avenue also has a past following a big fire in January.

The Parkdale Residents Association (PRA) noted that this was actually the third major fire on Laxton Avenue in Parkdale in just one year alone.

Do you think these properties shouldnt be judged for their past and that a new owner can change things around? Or is the price range just unacceptable?

See the article here:
What The F*ck News: This Full Block In Toronto With A History Of Bed Bugs, Roach Infestations And So Many Fires Is On Sale For Close To $19M - 6ixBuzz

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