93 Spadina Road, Toronto, ON M5R 2T1

$3,999,900
: 2
BD
: 16
BA

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List Price: $3,999,900
MLS#: C13753714
Status: ACTIVE
Type: Multifamily
SubType: Multiplex
Style: 3-Storey
Bedrooms: 2
Bathrooms: 16
Living Area: 5000 +
Province: ON
Municipality: Toronto
Area: Toronto
Neighborhood: Annex
Subdivision: Spadina Rd & Bloor St W

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Property Description

Turnkey 16-unit residential investment in the heart of the Annex, offered as two buildings on one lot: 14 studios in the main building plus a coach house with two one-bedroom units. Gross revenue of $268,906 with a projected NOI of $198,397. Private drive with three parking spots located literally one door over from the entrance to the Spadina TTC Subway Station and a 12-min walk to University of Toronto St. George campus. Meticulously maintained under long-term ownership. This is an investors' dream property. Tenant demand in this pocket is deep enough that vacancies typically draw multiple qualified applications. Rare opportunity in Toronto's most resilient neighborhood.

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Additional Information

Taxes: $12,722
Heat Type: Baseboard
Heat Source: Electric
Air Conditioning: Window Unit(s)
Kitchens: 16
Exterior: Brick
Garage Type: None
Pool: None
Parking Spaces: 3