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. (id:57276)
| BusinessType | Residential |
| BusinessSubType | Apartments |
| MLS® Number | C13753716 |
| Property Type | Multi-family |
| Community Name | Annex |
| AmenitiesNearBy | Public Transit |
| EquipmentType | Water Heater |
| ParkingSpaceTotal | 3 |
| RentalEquipmentType | Water Heater |
| Appliances | Central Vacuum, Cooktop, Dryer, Oven, Washer, Window Coverings |
| CoolingType | Fully Air Conditioned |
| HeatingType | Baseboard Heaters |
| SizeInterior | 6140 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
| Acreage | No |
| LandAmenities | Public Transit |
| SizeDepth | 130 Ft |
| SizeFrontage | 32 Ft |
| SizeIrregular | 32 X 130 Ft |
| SizeTotalText | 32 X 130 Ft |
| ZoningDescription | R (d1*900) |
https://www.realtor.ca/real-estate/30244601/93-spadina-road-toronto-annex-annex
Contact us for more information
Tim Yew
Broker of Record