93 Spadina Road, Toronto, Ontario, Canada, M5R2T1
3,999,900
for Sale
About the property:
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.
Extra info:
1 Coin-Operated Washer & Dryer (proven secondary income stream); 4 Full-Sized Fridges & 12 Undercounter Fridges; 1 Stove, 2 Cooktops, 1 Oven& 13 Hot Plates; 1 Central Vacuum System; 11 Window A/C Units; 3 Security Cameras & Digital Monitoring Equipment. All existing ElectricalLight Fixtures (ELF) & Window Coverings not owned by tenants.
Investment
false
- Property Type:
- Investment
- Status:
- for Sale
- Land Size:
- 32 x 130 FT
- Business Type:
- Apts - 13 To 20 Units
- Heating Type:
- Baseboard
- Cross Street:
- Spadina Rd & Bloor St W
- Annual Property Taxes:
- 12,722.02
- Listing ID:
- C13753716
Rooms
Dimensions
Brokered by:
RE/MAX Ultimate Realty Inc.
Source: TRREB/PROPTX
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