93 NORTHCLIFFE BOULEVARD, Toronto, Ontario
$2,489,000
- 8 Beds
- 4 Baths
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. (id:23309)
- Listing ID: W12397266
- Property Type: Multi-family
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 93 NORTHCLIFFE BOULEVARD in Toronto Ontario. It was last modified on September 11th, 2025. Contact Jaber Zreik to schedule a viewing or to discover other Toronto real estate for sale.