93 Spadina Road, Toronto (Annex), Ontario, M5R2T1




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$3,999,900
Toronto
This multi-family property in Toronto is for sale offering roughly 6,140 sq ft of space.
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. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 57 days on market, against an average age of 58 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This multi-family in Toronto (Annex) has been listed for 57 days, which is 1 days fresher than the city average of 58. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $3,999,900, about 46.5× the local median household income of $86,000.
Carrying it typically needs a household income of about $781,320 (20% down, 25-yr amortization, stress-tested) — roughly 809% above the area median.
Source: Statistics Canada, 2021 Census (FSA M5R)
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Loading rates, 30-yr amortization
Cash Needed to Close
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