$2,489,000Asking Price
93 Northcliffe Boulevard, Toronto W03, ON M6H 3H3
Regal Heights, Toronto
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.
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.
See MoreKey Info
- 2-Storey Multiplex
- 2 Parking
- Detached Garage
- St. Clair Ave W & Dufferin St
- 3500-5000 Approximate Sq Feet
- 100+ Years Approximate Age
- No Ensuite Laundry
- Water Gas Heating
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $10,658 in 2024
- Possession: immediate/flex/60 days for owner occupied
Details
- Brick Exterior
- No Fireplace
- 4 Kitchens
- MLS #W12397266
- KELLER WILLIAMS REFERRED URBAN REALTY
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 13.02' x 16.96' | Hardwood Floor, Combined with Dining, Window |
| 2 | Kitchen | Main | 12.93' x 6.99' | Laminate, Window |
 | 2 4-Piece Bathrooms on Main Floor | |||
| 2 4-Piece Bathrooms | |||
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Who lives here?
Regal Heights, Toronto is a central Toronto neighbourhood notable for its renters, university grads, executives, business, education, law & public sector and arts & culture professionals, salespeople and tradespeople. It has a higher than average population of immigrants from Portugal, and Italian, Spanish and Portuguese speakers. Residents tend to be younger with a significant number of adults aged 25 to 39, 25 to 39, 25 to 39 and 25 to 39 and seniors aged 65 to 69.
Families
Kids Per Family
1.1
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
49%
of residents are
single and loving it.
49% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
55%
of residents
are renters.
55% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
55%
of residents are
university grads.
55% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$145K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 17% |
| Business | 13% |
| Government | 11% |
| Management | 10% |
| Culture | 9% |
Immigrants
33%
of residents were
born outside of Canada.
33% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
6.4% from Portugal
All-time
Birthplace - Recent
0.3% from Other South America
Recent
Foreign Languages
Foreign Languages
| Italian | 6% |
| Portuguese | 6% |
| Spanish | 6% |
| French | 2% |
| Tagalog | 1% |
Religions
Religions
| Christian | 60% |
| Jewish | 8% |
| Buddhist | 2% |
| Muslim | 1% |
| Hindu | 1% |
Social Housing
Social Housing Buildings
0
Social housing buildings
in the neighbourhood.
Shelters
Shelters
0
Homeless shelters in
the neighbourhood.
