$2,999,900
50 Waniska Avenue, Toronto, ON M8Y 1P9
Stonegate-Queensway · Toronto · M8Y 1P9
Listing brokerage: RE/MAX PROFESSIONALS INC.
- Beds
- 14
- Baths
- 6
- Sq ft
- 5000 +
- Parking
- 12
Monthly costs
Property taxes
$1,126/mo
$13,512 a year (2026)
The home
- Lot size
- 90 × 135.3 ft
- Style
- 3-Storey
- Basement
- Apartment, Separate Entrance
- Parking
- 12 spots · Built-In
- Faces
- North
- Heating · cooling
- Water, Wall Unit(s)
- Possession
- 30/60/TBA
About this home
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, bright, sunny rooms with practical well designed layouts, featuring front Foyer with double guest closet & linen closet, family-sized Kitchen with Breakfast Area, large Living Rm, separate Dining Rm, updated 4-pc Bathroom with towel warmer, generously sized Bedrooms, some with 2 double closets & oversized windows. Ideally situated on a 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.
All details22 more from the listing · Interior, Heating, Parking, Exterior, Utilities, Taxes, Listing
Interior
- Bedrooms
- 14
- Bathrooms
- 6
- Kitchens
- 6
- Rooms
- 33
- Size
- 5000 + sq ft
Features
- Other
Heating & Cooling
- Heat source
- Gas
Parking
- Covered spaces
- 6
Features
- Private
Exterior & Lot
- Exterior
- Brick
- Roof
- Membrane
- Foundation
- Concrete Block
Utilities
- Sewer
- Sewer
Taxes & Fees
- HST
- Included In
Listing
- MLS® number
- W13624576
- Type
- Multiplex
- Transaction
- For Sale
- Neighbourhood
- Stonegate-Queensway
- Original price
- $3,390,000
- Cross streets
- The Queensway/Park Lawn Rd
- Co-listing brokerage
- RE/MAX PROFESSIONALS INC.
Rooms · 6Washroom ×6
2 × 4-piece washroom
Ground
2 × 4-piece washroom
Main
2 × 4-piece washroom
Second
History
Past listings and sales for this home and building.
Location
50 Waniska Avenue, Toronto, ON M8Y 1P9 · Near The Queensway/Park Lawn Rd
Monthly cost
Estimated monthly cost
$14,409/mo
- Mortgage
- $13,283
- Property tax
- $1,126
Amortization
Estimate only, for illustration. Includes mortgage default insurance when less than 20% is put down. Speak with a lender for an exact figure.
Cash to close
Cash to close
$725,341
$599,980 down + $125,361 to $126,611 in closing costs
- Ontario land transfer tax
- $61,473
- Toronto land transfer tax
- $61,473
- Legal fees and disbursements
- $1,500 to $2,500
- Title insurance
- $250 to $500
- Property tax adjustment
- $666
Estimate only, not legal or tax advice. Rates as of 2026-10-14 from Ontario, City of Toronto and CMHC published rates. Legal and title figures are typical ranges. Adjustments assume the seller prepaid the closing month. First-time rebates have eligibility rules; confirm with your lawyer.
The listing information is deemed reliable but is not guaranteed accurate by PROPTX. 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.
$2,999,900
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