93 Spadina Road
Toronto
Ontario, Canada, M5R2T1
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.
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$3,999,900
For sale
Heating Type: Baseboard
Cross Street: Spadina Rd & Bloor St W
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.