1/4093 SPADINA ROAD, Toronto (Annex)
93 SPADINA ROAD, Toronto (Annex), ON M5R2T1
$4.4M total
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Asset Class
Multifamily
Size
—
Building class
C
Zoning
RA8 — Medium Rise
$ / SF
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Occupancy
91%
About this property
Immaculately cared for incredible turnkey residential investment in the heart of the Annex featuring 16 total units across two buildings (14 studios in the main building and a coach house with 2 one-bedroom units). Boasting a gross revenue of $263,160.04 and a potential NOI of $205,987.47. Private drive with 3 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. Extremely high rental demand area with pretty much zero vacancy. This is an investors dream property. Every time there is a vacancy there are so many applications you get to choose the best tenants. Rare opportunity in Toronto's most resilient neighborhood. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$20K
Projected NOI
$157K
Annual cash flow
$-87K
Cash-on-cash
-6.57%
DSCR
0.64
Going-in cap
3.57%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
74,525
Households
28,480
Median income
$98,000
Median age
32.5
Daytime population
83,627
5-yr growth
6.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 93 SPADINA ROAD, Toronto (Annex).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.