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Tim Yew
437-838-8111
info@timyew.com
RE/MAX Ultimate Realty Inc.
45 Harbor Square
Toronto, ON
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- C13753716
- Bus Major:
- Apts - 13 To 20 Units
- Photos (40)
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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 $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.
- Property Type:
- Commercial
- Property Sub Type:
- Investment
- Freestanding:
- Yes
- Total Area:
- 6140 sq. ft. Square Feet
- Total Area:
- 6,140 sq. ft.
- Lot Depth:
- 130'
- Lot Frontage:
- 32'
- Lot Details:
- 32.00 x 130.00 Feet
- Water supply:
- Municipal
- Rooms:
- 0
- Zoning:
- R (D1*900)
- Heating type:
- Baseboard
- Cooling:
- Yes
- Garage:
- None
- Parking Spaces:
- 3
- Possession Details:
- Immediate
- HST Applicable To Sale Price:
- Not Subject to HST
- Type Taxes:
- Annual
- Taxes:
- $12,722.02 / 2026
- Assessment:
- $- / -
- Toronto
- Toronto C02
- Annex
- Public Transit, Subways
- Yes
- Hot Water Tank
- 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.
- None
- Utilities:
- Yes
- Sewers:
- Sanitary+Storm Available
- Air Conditioning:
- Yes
- Seller Property Info Statement:
- No
- Gross income:
- $262,367.2
- Expenses Actual/Estimated:
- Estimated
- Hydro Expenses:
- $16,828.94
- Insurance Expenses:
- $10,436.04
- Management Expenses:
- $13,336.44
- Tax Expenses:
- $12,722.02
- Operating Expenses:
- $70,509.01
- Other Expenses:
- $1,058.53
- Water Expenses:
- $9,346.29
- Year Expenses:
- 70509
- Maintenace Expenses:
- $7,000
- Major Business Type:
- Apts - 13 To 20 Units
- Category:
- Apartment
- Date Listed:
- Sep 08, 2026
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Listed by RE/MAX ULTIMATE REALTY INC.
Data was last updated September 9, 2026 at 04:15 AM (UTC)
- TIM YEW
- RE/MAX REAL ESTATE SOLUTIONS
- 1 (647) 8388111
- Contact by Email
Tim Yew
RE/MAX Ultimate Realty Inc.
Office Address:
45 Harbor Square
Toronto, ON, M5J 2G4