Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

93 Spadina Road, Toronto, ON M5R 2T1

2 beds · 16 baths · 8+8 kitchens · 18 rooms · 3 parking spaces · 5000 + sq ft · Multiplex
$3,999,900
Property tax
$12,722 / year

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 $268,906 with a projected NOI of $198,397. 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.

MLS number
C13753714
Type
Multiplex
Status
Active
Bedrooms
2
Bathrooms
16
Postal code
M5R 2T1
Photos
40
Laundry
Not in the unit
4days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries this address is inside

Huron Street Junior Public School7.4 / 10
Elementary · Regular Track
TDSB boundary
Jarvis Collegiate Institute5.7 / 10
Secondary · Regular Track
TDSB boundary
Where these boundaries come from, and what they are worth

A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.

Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.

Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.

Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Jackman Institute of Child StudyElementary116 mNot reported
Taddle Creek Montessori SchoolElementary240 mNot reported
Howlett AcademyElementary354 mNot reported
Paul Penna Downtown Jewish Day SchoolElementary467 mNot reported
University of Toronto SchoolsElementary and secondary486 mNot reported

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 505 people.

$68,000Median household income
8.5%Own their home
4.3%Detached houses
35.6Median age
23.8%Born outside Canada
69.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35201052 — the few blocks around this address, home to 505 people. It describes the area, not this property.

505Population
44.7Average age
1.7Household size
$104,000Average household income
$68,000Median household income
9%Own their home
92%Rent
0%Condominiums
24%Born outside Canada
69%University degree
$3,600,000Average home value
18%Low income
20%Not in the labour force
51%Never married
Under $5,0003%
$5,000 to $9,9992%
$10,000 to $14,9993%
$15,000 to $19,9995%
$20,000 to $24,9996%
$25,000 to $29,9993%
$30,000 to $34,9993%
$35,000 to $39,9992%
$40,000 to $44,9995%
$45,000 to $49,9993%
$50,000 to $59,9995%
$60,000 to $69,9993%
$70,000 to $79,9996%
$80,000 to $89,9993%
$90,000 to $99,9996%
$100,000 and over22%
$100,000 to $124,9995%
$125,000 to $149,9995%
$150,000 to $199,9995%
$200,000 and over6%

Percentages are of the 320 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$799,980 · minimum here is $799,980
$17,710.69per month
Borrowed before insurance$3,199,920
Total borrowed$3,199,920
Interest over 25 years at 4.5%$2,113,288

If you rented it out

-$18,770.86per month out of pocket
Rent$0.00
Everything it costs to hold$18,770.86
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

What’s being built nearby

Planning applications within 500 m — 8 still in progress.

40 WALMER RD454 m
Under Review · applied September 4, 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.

City planning file →
40 WALMER RD454 m
OMB Approved · applied October 24, 2023

Zoning By-law Amendment application was appealed to Ontario Land Tribunal (OLT Case No. OLT-24-000316). On April 29, 2025, OLT issued a partial order approving a 25-storey residential building (including 33 replacement rental units), final order pending fulfil…

City planning file →
38 WALMER RD469 m
Under Review · applied July 21, 2022

Site Plan application to permit a 25-storey mixed use building containing 211 dwelling units and 1,950 square metres of non-residential GFA, including retail, community, and congregation space.

City planning file →
141 BEDFORD RD472 m
NOAC Issued · applied December 14, 2021

Site Plan Approval for a 13-storey mixed-use building with 63 residential units.

City planning file →
321 DAVENPORT RD379 m
Under Review · applied October 28, 2021

*** Draft Plan of Condominium for 23 residential units in a 9-storey residential building.

City planning file →
661 HURON ST255 m
NOAC Issued · applied April 21, 2021

The proposed developement retain the two existing buildings on site and utilize the surface parking lot at the back to add 6 compact rowhouses.…

City planning file →
361 DAVENPORT RD377 m
NOAC Issued · applied September 17, 2020

Applicant requested file closure- please see email chain in the 'Attachment' tab.Proposal for a 7-storey mixed use building with 16 dwelling units and commercial (office) component fronting on Davenport Road.

City planning file →
306 DAVENPORT RD452 m
Under Review · applied December 13, 2019

INACTIVE Proposal for a 22-storey mixed-use building comprised of 100 residential dwelling units and 1098 square metres of non-residential gross floor area at grade and the second floor.…

City planning file →
What these are

These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.

Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.

Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.

Listed by RE/MAX ULTIMATE REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.