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Barry Wang

info@barrywangrealty.ca +1(902) 316-0805

$ 3,390,000

Est. payment -/mo

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New

50 Waniska AVE Toronto W07, ON M8Y 1P9

14 Beds

6 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Municipality Toronto W07

Subdivision Stonegate-Queensway

MLS Listing ID W13624576

Style 3-Storey

Bedrooms 14

Annual Tax Amount $13,512

Tax Year 2026

Property Sub-Type Multiplex

Property Description

Truly outstanding investment opportunity in Toronto's highly desirable Humber Bay-Stonegate-Queensway neighbourhood. Purpose built Apartment Building in one of Etobicoke's premier rental locations, offering strong Tenant demand, outstanding long-term appreciation potential & immediate income optimization. This is a rare opportunity to acquire fully Vacant Building with flexibility to establish market rents from day one. Based on projected market rents, property offers the potential to generate an estimated Net Annual Income of approx. $220,000 representing an attractive projected Cap Rate of 6.6%. This well-maintained Building features two 3-Bdrm & four 2-Bdrm Apartments, several have been updated, bright & spacious front & rear common hallways, laundry rm, mechanical rm, 5 storage lockers, 6 garage parking spaces & 6 surface parking spaces. Each Apartment offers spacious & practical layout, featuring large Foyer with double guest closet & linen closet, family-sized eat-in Kitchen with Breakfast Area, spacious Living Rm, separate Dining Rm, updated 4-pc Bathroom with towel warmer, generously sized Bedrooms, some with 2 double closets & oversized windows providing abundant natural light. Ideally situated on peaceful, tree-lined residential street just north of The Queensway corridor, offering immediate access to wide array of grocery stores, cafés, restaurants & everyday amenities. The neighbourhood is served by highly regarded schools & within walking distance of public library, parks & several early childhood daycare centres. Residents appreciate close proximity to Humber River Trail System, Humber Bay Park & the shores of Lake Ontario. Excellent transportation options include nearby Humber Loop, providing streetcar service between South Etobicoke & downtown Toronto, TTC bus routes connecting to nearby subway stations, Mimico GO Station at Royal York Rd & quick access to Gardiner Expressway, Highway 427 & QEW offering seamless connectivity throughout Toronto & GTA.

Location

Province ON

County Toronto

Community Toronto W07

Area Toronto

Rooms

Family Room No

Basement Apartment, Separate Entrance

Kitchen 6

Interior

Interior Features Other

Cooling Wall Unit(s)

Fireplace No

Heat Source Gas

Exterior

Parking Features Private

Garage Spaces 6.0

Pool None

Roof Type Membrane

Lot Frontage 90.0

Lot Depth 135.25

Total Parking Spaces 12

Building

Unit Features Lake/Pond,Park,Public Transit,Rec./Commun.Centre,River/Stream,School

Foundation Concrete Block

Others

ParcelsYN No

Virtual Tour https://imaginahome.com/WL/orders/gallery.html?id=754245269

Listed by RE/MAX PROFESSIONALS INC.

Barry Wang

Agent

+1(902) 316-0805

Barry Wang

50 Waniska AVE Toronto W07, ON M8Y 1P9

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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50 Waniska AVE