Tridel new condos . The rental house is renovated for listing at $7.5 million after evicting 24 tenants. The cost of living in Toronto has undoubtedly become more expensive, but it sounds ridiculous that a sublet house is renovated after evicting 24 tenants and then listed for nearly 7.5 million yuan.
According to BlogTO, the historic house, located in the Riverdale neighborhood, attracted public attention two years ago.
At that time, protesters gathered in front of the house to try to prevent tenants from being evicted on a large scale.
But the protest was unsuccessful, and the new owner of the property was renovated and is now ready to list the house for a profit.
Previously, 24 rooms in the house were equipped with kitchen space, but shared bathrooms. After decoration, each room now has its own suite bathroom and a large shared kitchen and public area.
These changes indicate that the renovated house can be used as a student dormitory or as a short-term rental accommodation for travelers or tourists.
The 24 rooms vary in size and layout. However, the whole house maintains a consistent neutral gray hue.
At the same time, the kitchen is equipped with a long counter, three sinks and three ovens, so it is most suitable for short-term rental.
It is reported that seeing a historic building once used for affordable housing turned into a hotel is sure to infuriate anyone.
The Canadian government has been committed to providing affordable housing in its largest city, but the cost of living is rising year by year.
Toronto’s real estate market has reached such a point that it doesn’t seem like a crazy idea to find 23 other people to share a C $7.5 million mortgage.