header

$2,899,000
Available - For Sale
Listing ID: W13471954
Exceptional turnkey 9-unit multi-residential investment opportunity in the highly desirable Alderwood community of South Etobicoke, offering a strong 4.8% cap rate (net) and seller VTB financing available, terms to be negotiated.This fully stabilized asset was completely gutted and extensively renovated between 2017-2018 to impressive condo-style standards. All nine suites feature modern kitchens with updated cabinetry, stylish bathrooms, new flooring, and include appliances: fridge, stove, dishwasher, and microwave. Three units offer private in-suite washer/dryer, while six units share a lower-level coin-operated laundry facility, providing additional income potential.Major capital improvements include upgraded mechanical systems, a high-efficiency furnace, six wall-mounted A/C units, and modernized finishes throughout, creating a low-maintenance, hands-off investment ideal for both seasoned and first-time multifamily investors.Positioned prominently on the northeast corner of Browns Line and Horner Avenue, this property benefits from excellent visibility and accessibility, with immediate proximity to major commuter routes including the QEW, Hwy 427, Gardiner Expressway, and Long Branch GO Station. Located minutes to Sherway Gardens, Lake Ontario waterfront trails, Marie Curtis Park, Farm Boy, CF Sherway, and countless retail amenities.Rare investor advantage includes 11 on-site parking spaces, a significant value-add rarely found in urban multifamily assets. Current rents are at or above market, with one upcoming vacancy on August 1st, presenting immediate upside for rental optimization.A rare opportunity to acquire a fully renovated, income-producing, low-maintenance asset in one of Etobicoke's strongest rental corridors.
Price $2,899,000
Taxes: $18,226.19
Occupancy by: Tenant
Address: 496-498 Horner Avenue , Toronto, M8W 2B8, Toronto
Directions/Cross Streets: Browns Line & Horner Ave
Rooms: 26
Rooms +: 3
Bedrooms: 13
Bedrooms +: 0
Washrooms: 9
Family Room: F
Basement: None
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Upper
Washroom 3:  4 Lower
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Main
Washroom 7:  4 Upper
Washroom 8:  4 Lower
Washroom 9:  0
Washroom 10:  0
Property Type: Multiplex
Style: 2-Storey
Exterior: Brick
Aluminum Siding
Garage Type: None
Drive Parking Spaces: 11
Pool: None
Approximatly Square Footage: 3500-5000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Baseboard
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
First Name: *
Last Name: *
Phone: *
Email: *
Showing Date:
Showing Time:
I Am Thinking of Moving
 
First Name: *
Last Name: *
Phone: *
Email: *

Message:

From:

Name:
Email:

To:

Name:
Email:

Comment:

 

Down payment: $  
Interest Rate: %  
Amortization :  Years
Payment Frequency:
Your Payment:
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE SIGNATURE REALTY

496-498 Horner Avenue , Toronto, M8W 2B8, Toronto


 
 Book Showing   Email a Friend 
Jump To:
At a Glance:
Type: Freehold - Multiplex
Area: Toronto
Municipality: Toronto W06
Neighbourhood: Alderwood
Style: 2-Storey
Lot Size: x 125.00(Feet)
Approximate Age:
Tax: $18,226.19
Maintenance Fee: $0
Beds: 13
Baths: 9
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
Locatin Map:
View Larger Map
Payment Calculator:
Price:
Down Payment: %
Rate: %
Amortization:  Years
Frequency
Calculate
Down Payment:
Mortgage Payment:
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Listing info
Description
General Details
Room & Interior
Exterior
Utilities
Get More Info:
Book Showing
Request More Info
Email Friend
Photos and movies:
View Slide Show
View All Photos
Calculator:
Affordability Chart
Mortgage Calculator
More To Do:
Print This Page

Listing added to compare list, click here  to view comparison chart.
Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854

Personal Picture
Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com



FEATURED PROPERTIES
Please note that content and information contained in this website is for demonstration purposes only and this website is trial website or test website and it can not be used for marketing purposes.