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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 approx. $268,000 with a projected NOI of $195,000. 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.
Inclusions
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.
Broker
RE/MAX ULTIMATE REALTY INC.
Neighbourhood
Annex
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Multiplex
93 Spadina Road Toronto
Annex
Type
Multiplex
Basement
Apartment
Parking
None (3)
Property Tax
~$12,722/yr
Heating
Baseboard
Buying Essentials
Facing Direction
East
Parking
None (3)
Finances
List Price
$3,999,900
Property Tax
~$12,722/yr
Property Specs
Property Type
Multiplex
Basement
Apartment
Living & Amenities
Heating Type
Baseboard
Features
Central Vacuum · Intercom
Policies & Utilities
Neighbourhood
Annex
Listed On
Sep 8, 2026
Days on Market
Current: 60 days
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