93 Spadina Road

Annex, Toronto, M5R 2T1

$3,999,900

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Listed 42 days ago · MLS® C13753716

About this home

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.

Details

Type
Investment
Lot
32 × 130 ft
Garage
None
Property tax
$12,722 (2026)
Neighbourhood
Annex
Municipality
Toronto C02

Heating, cooling and services

Heating
Baseboard
Air conditioning
Yes
Water and sewer
Sanitary+Storm Available
Utilities
Yes

Building and exterior

Building area
6,140 Square Feet

More

Possession
Immediate
Cross street
Spadina Rd & Bloor St W
Business type
Apts - 13 To 20 Units

History of this address

4 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 Spadina Subway3 min walk
  • 🚇 St. George Subway8 min walk
  • 🚆 Toronto Union Station GO3.5 km

Within a 10-minute walk: 10 grocery stores, 162 cafés and restaurants, 28 parks, 9 pharmacies. Nearest grocery: Metro (450 m). Nearest park: Gwendolyn MacEwen Parkette (200 m).

Schools nearby

Elementary

  • Huron Street Junior Public School
    EQAO: Gr 6 reading 79%, math 59%
    3 min walk
  • Palmerston Avenue Junior Public School
    EQAO: Gr 6 reading 88%, math 73%
    14 min walk

Secondary

  • Monsignor Fraser College - Annex Campus Catholic12 min walk
  • ALPHA II Alternative School13 min walk
  • Central Technical School
    EQAO: Gr 9 math 34%, literacy test 74%
    13 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M5R

Owners / renters
39% / 61%
Median household income
$86,000
Average age
46
Children under 15
8%
Homes
5% detached, 54% high-rise
Commute by transit
25%
Population
26,197

Languages spoken most at home besides English: Mandarin 1.3%, Spanish 1%, Yue (Cantonese) 0.7%, Iranian Persian 0.6%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Annex (2025): 35% above the Toronto average, down 12% from the year before.

  • Assault41% above average
  • Break and enter104% above average
  • Auto theft48% below average
  • Robberyabout average
  • Theft from vehiclesabout average
  • Shootings36% below average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 16 active

  • 300 BLOOR ST W · 400 m
    Plan of Condominium · Draft Plan Approved · applied 2026
    Draft Plan of Standard Condominium to create 339 residential units and 1 retail unit within a 34-storey building.
    Application details
  • 171 LOWTHER AVE · 300 m
    Official Plan / Zoning By-law Amendment · OMB Appeal · applied 2025
    Lift the hold ('H') application for By-law 410-2024.
    Application details
  • 171 LOWTHER AVE · 300 m
    Site Plan · Under Review · applied 2025
    Site Plan Approval for a 11-storey residential building with 64 dwelling units, including the retention of part of the heritage building at 171 Lowther Avenue.
    Application details
  • 40 WALMER RD · 250 m
    Site Plan · Under Review · applied 2025
    Site Plan Approval for a 25-storey building with a mix of rental replacement units (33 units) and condominium ownership units, totalling 253 units.
    Application details
  • 262 ST GEORGE ST · 400 m
    Official Plan / Zoning By-law Amendment · OMB Appeal · applied 2025
    Appealed on April 24, 2026.Combined Official Plan & Zoning By-law Amendment for an 18-storey building containing 121 dwelling units, and the adaptive re-use of…
    Application details
  • 425 BLOOR ST W · 450 m
    Site Plan · Under Review · applied 2022
    Proposal for a 30-storey building with retail units at grade along Bloor Street West. Overall, the proposal will introduce 472 residential units and 798 square…
    Application details

16 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 3 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built R

Residential (with a site-specific exception).

  • ✅ Up to 6 homes on the lot (multiplex): a sixplex ward
  • ✅ Garden suite in the backyard
  • ✅ Laneway suite, if the lot backs onto a lane

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

  • Porch · 2015 · Closed
    Repair / rebuild of exterior front stairs.

21 permits on this block of the street in the last 2 years, including 4 new homes.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

25 City street trees within 100 m. That’s fewer than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX ULTIMATE REALTY INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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