15
$4,495,000
55 Madison Avenue, Toronto, ON M5R 2S3
Annex · C02
5,096 sf
3 weeks on marketMLS® C14032390
Listing courtesy of ICI SOURCE REAL ASSET SERVICES INC.
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For saleMLS® C13753716
93 Spadina Road, Toronto, ON M5R 2T1
Annex · C02 · M5R 2T1
$3,999,900
$651 / sq ft1 months on market
- Total area
- 6,140 sf
- Lot
- 32 × 130 ft
What's special
- Yes
About this property
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.
Property details
Property
- Property type
- investment
- Interior size
- 6,140 sq ft
- Lot size
- 32 × 130 ft
- Zoning
- R (D1*900)
- Possession
- Immediate
Interior
- Heating
- Baseboard
- Cooling
- Yes
Exterior & services
- Sewer
- Sanitary+Storm Available
Costs
- List price
- $3,999,900
- Property taxes
- $12,722 / year (2026)
- Price per sq ft
- $651
- Rental items
- Hot Water Tank
Listing
- MLS® number
- C13753716
- Status
- For sale
- Listed
- September 8, 2026
- Days on market
- 58
- Last updated
- November 4, 2026
- Listing brokerage
- RE/MAX ULTIMATE REALTY INC.
Price & sale history
This property's sale history is hidden
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced above most comparable listings — about 75% of comparable multi-unit / investment listings in Toronto are asking less.
$882KMedian $2.70M$8.27M
- This home
- $651 / sq ft
- Comparable median
- $700 / sq ft
Based on 95 comparable active multi-unit / investment listings in Toronto. These are asking prices, not sale prices.
Mortgage estimate
Down payment20.0% · minimum $799,980
Interest rate5-year fixed, illustrative only
Amortization
- Principal & interest
- $17,692.91
- Property tax (est.)
- $1,060.17
- Estimated monthly
- $18,753
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $86,473
- Toronto municipal
- $96,472
- Total due on closing
- $182,944
An estimate on the asking price of $3,999,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of RE/MAX ULTIMATE REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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