REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,489,000
Est. payment /mo
New
93 Northcliffe BLVD Toronto W03, ON M6H 3H3
8 Beds
4 Baths
UPDATED:
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
Basement Apartment
Kitchen 4
Interior
Interior Features None
Cooling Window Unit(s)
Inclusions All fridge, stove, washer and dryers (4 of each)
Exterior
Parking Features Detached
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 2
Building
Foundation Concrete Block
Others
ParcelsYN No
Virtual Tour https://westbluemedia.com/0925/93northcliffe_.html
Lited by KELLER WILLIAMS REFERRED URBAN REALTY
