93 Northcliffe BLVD new Save Request In-Person Tour Request Virtual Tour
Toronto W03,ON M6H 3H3
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Corso Italia-Davenport
MLS Listing ID W12397266
Style 2-Storey
Bedrooms 8
Building Age 100+
Annual Tax Amount $10,658
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Gorgeous 100+ year old purpose built 4-unit multiplex in the heart of the prestigious Regal Heights Neighbourhood in Corso Italia. Offering over 4,000 sqft of living space plus a 2,000+ sqft basement. Each of the four spacious units ranges between 1,000-1,200 sqft and features 2 bedrooms, with every tenant enjoying access to approximately 500 sqft of basement space. This fully tenanted property generates excellent income with a cap rate of approximately 4%, supported by current rents of $1,500, $2,600, $2,600, and $2,800, plus additional income from a double detached garage rented at $525/month each. Estimated annual expenses including taxes, heat, water, insurance, and grounds maintenance are just $30,000, making this a strong and reliable investment. NOI of $95,000 annually. Meticulously maintained by a private owner with true pride of ownership, this property has seen recent upgrades including a new roof, new windows, and an updated breaker electrical panel. Perfectly situated in vibrant Regal Heights, steps to all that St. Clair Ave W has to offer! Shops, restaurants, TTC transit (street car stop right across the street), and community amenities, this is a rare opportunity to own a turnkey, income-generating multiplex in one of Torontos most desirable and culturally rich neighbourhoods.
Location
Province ON
County Toronto
Community Corso Italia-Davenport
Area Toronto
Rooms
Family Room No
Kitchen 4
Interior
Cooling Window Unit(s)
Exterior
Parking Features None
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Building
Foundation Concrete Block
Others
Virtual Tour https://westbluemedia.com/0925/93northcliffe_.html