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:13843)
| MLS # | C13753716 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 45 |
| Listing Provided By | RE/MAX ULTIMATE REALTY INC. | TIM YEW |
| SQ Feet | 6,140 |
|---|---|
| Zoning | R (D1*900) |
| Cooling | Fully air conditioned |
|---|---|
| Heating | Baseboard heaters |
| Appliances | Washer, Central Vacuum, Oven, Dryer, Cooktop, Window Coverings |
| Fireplace Yes / No | No |
| Parking Total | 3 |
|---|
| Water Source | Municipal water |
|---|
| Tax Annual Amount | 12722.02 |
|---|
| Province | ON |
|---|---|
| City | Toronto (Annex) |
| Postal Code | M5R2T1 |
| Listing VS Median (in M5R2T1) | |
Price: $3,999,900 low | high Med: $3,999,900 sqft: 6,140 low | high Med: 5,000 $ / sqft: $651 low | high Med: $800 On site: 45 low | high Med: 45 | |
| Province | ON |
|---|---|
| City | Toronto (Annex) |
| Postal Code | M5R2T1 |
| Listing VS Median (in M5R2T1) | |
Price: $3,999,900 low | high Med: $3,999,900 sqft: 6,140 low | high Med: 5,000 $ / sqft: $651 low | high Med: $800 On site: 45 low | high Med: 45 | |