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$3,390,000
Available - For Sale
Listing ID: W13624576
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. $196,000 representing an attractive projected Cap Rate of 6.1%. 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.
Price $3,390,000
Taxes: $13,512.34
Occupancy by: Partial
Address: 50 Waniska Avenue , Toronto, M8Y 1P9, Toronto
Directions/Cross Streets: The Queensway/Park Lawn Road
Rooms: 33
Rooms +: 1
Bedrooms: 14
Bedrooms +: 0
Washrooms: 6
Family Room: F
Basement: Apartment
Separate Ent
No. of Pieces Level
Washroom 1:  4 Ground
Washroom 2:  4 Main
Washroom 3:  4 Second
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Ground
Washroom 7:  4 Main
Washroom 8:  4 Second
Washroom 9:  0
Washroom 10:  0
Washroom 11:  4 Ground
Washroom 12:  4 Main
Washroom 13:  4 Second
Washroom 14:  0
Washroom 15:  0
Washroom 16:  4 Ground
Washroom 17:  4 Main
Washroom 18:  4 Second
Washroom 19:  0
Washroom 20:  0
Washroom 21:  4 Ground
Washroom 22:  4 Main
Washroom 23:  4 Second
Washroom 24:  0
Washroom 25:  0
Washroom 26:  4 Ground
Washroom 27:  4 Main
Washroom 28:  4 Second
Washroom 29:  0
Washroom 30:  0
Washroom 31:  4 Ground
Washroom 32:  4 Main
Washroom 33:  4 Second
Washroom 34:  0
Washroom 35:  0
Washroom 36:  4 Ground
Washroom 37:  4 Main
Washroom 38:  4 Second
Washroom 39:  0
Washroom 40:  0
Washroom 41:  4 Ground
Washroom 42:  4 Main
Washroom 43:  4 Second
Washroom 44:  0
Washroom 45:  0
Property Type: Multiplex
Style: 3-Storey
Exterior: Brick
Garage Type: Built-In
(Parking/)Drive: Private
Drive Parking Spaces: 6
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Approximatly Square Footage: 5000 +
Property Features: Lake/Pond
Park
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: Water
Central Air Conditioning: Wall Unit(s
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Sewer
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RE/MAX PROFESSIONALS INC.

50 Waniska Avenue , Toronto, M8Y 1P9, Toronto

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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Type: Freehold - Multiplex
Area: Toronto
Municipality: Toronto W07
Neighbourhood: Stonegate-Queensway
Style: 3-Storey
Lot Size: x 135.25(Feet)
Approximate Age:
Tax: $13,512.34
Maintenance Fee: $0
Beds: 14
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949