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Main Photo: 93 Spadina Road in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12873106
Photo 1: 93 Spadina Road in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12873106
Photo 2: 93 Spadina Road in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12873106
Photo 3: 93 Spadina Road in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12873106
Photo 4: 93 Spadina Road in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12873106
Photo 5: 93 Spadina Road in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12873106
Photo 6: 93 Spadina Road in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12873106
Photo 7: 93 Spadina Road in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12873106
Photo 8: 93 Spadina Road in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12873106
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Photo 38: 93 Spadina Road in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12873106
Photo 39: 93 Spadina Road in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12873106
Photo 40: 93 Spadina Road in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12873106
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C12873106
Bus Major:
Apts - 13 To 20 Units
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 2025 gross potential revenue of $262,367.20 and a potential NOI of $191,858.19. 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.
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:
$12,502.77 / 2025
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 Electrical Light 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:
$12,502.77
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:
Mar 11, 2026
Original Price:
Previous Price:
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Listed by RE/MAX REAL ESTATE SOLUTIONS
Data was last updated March 12, 2026 at 06:15 AM (UTC)
DARYL  KING
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Why Invest in Apartment Buildings for Sale?

Owning an apartment building for sale provides unique advantages:

  • Multiple rental units generate consistent monthly income
  • Economies of scale make property management more efficient
  • Opportunity to increase property value through renovations and upgrades
  • High demand for rental housing in urban and suburban markets

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When evaluating apartment buildings for sale, consider:

  • Vacancy rates and tenant demand in the area
  • Location and proximity to transit, schools, and employment hubs
  • Building condition, age, and potential maintenance costs
  • Current rental income and future appreciation potential

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Whether you’re looking for small multi-family units or larger residential complexes, we offer a wide selection of apartment buildings for sale to match your investment goals. Let us help you find a property that offers steady income and long-term value.

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.