85 Walmer Road, Toronto, ON M5R 2X6, Toronto C02, ON
Bed 8
Bath 6
A five-unit Annex Semi Detached property with the kind of envelope and location that is not being built at today's replacement cost. Legal four-plex above grade plus a legal non-conforming lower suite across 5,225+ sq.ft. on Walmer Road, one of the most tenured income streets in central Toronto. In-place rents sit well below current Annex benchmarks. Income reflects long-tenured tenancies rather than today's market. The unit mix is differentiated - not five interchangeable bachelors. Unit 2 on the main floor is a 1,396 sq.ft. parlour-floor residence with a 21-foot living room, fireplace, oversized kitchen, and a 17-foot principal bedroom. Unit 5 on the third floor (1,171 sq.ft.) is configured with two kitchens, two four-piece baths, two primary bedrooms, an office, and a dining room - lives as one generous suite today. Unit 4 (758 sq.ft.) has a four-piece ensuite, walk-in closet, and living space. Unit 3 (710 sq.ft.) is a full one-bedroom with fireplace, kitchen, and dining. Unit 1 in the lower level (1,191 sq.ft., legal non-conforming) reads as a proper apartment: one-bedroom plus 15-foot den, full kitchen, three-piece bath, and private utility room. Three distinct buyer paths converge here. For the investor, five legal income streams on a single folio, a demand floor set by U of T, downtown professionals, and the Dupont / Spadina subway corridor. For the owner-investor - Multiple units are suitable and are amongst the most substantial owner's suites found inside a purpose-built Annex income property; live in it and let the other four units carry the debt while optionality is preserved. For the long-view buyer planning a single-family reversion - 5,225+ sq. ft. of interior envelope is a credible footprint for a top-of-market Annex restoration, and the existing plumbing stacks, kitchens, and floor plates make either path possible without starting from zero. Walking distance to Bloor Street, Casa Loma, the University of Toronto, and the Spadina subway line.
Property Highlights
For Sale
MLS NO.
C13021728
Type
Residential Freehold
Sub Type
Fourplex
Bedrooms
8
Bathrooms
6
Parking
5.0
Garage
Yes
Complete Property Details
Property Type
Residential Freehold
Sub Type
Fourplex
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
C13021728
Living Area Range
3500-5000
Total Bedrooms
8
Bedrooms Above Grade
8
Total Bathrooms
6
Total Kitchens
6
Kitchens Above Grade
6
Rooms Above Grade
17
Interior Features
Other
Fireplace
No
Central Vacuum Yn
No
Construction
Brick
Roof
Asphalt Shingle
Lot Width
29.83
Parking Features
Mutual
Parking Total
5.0
Covered Spaces
3.0
Garage Type
Detached
Garage
Yes
Pool
None
Direction Facing
East
Cooling
None
Heat Source
Gas
Heat Type
Radiant
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
85 Walmer Road, Toronto, ON M5R 2X6
City
Toronto C02
Neighbourhood
Annex
County / Region
Toronto
Province / State
ON
Postal Code
M5R 2X6
Cross Street
Bloor and Spadina
Directions
Bloor and Spadina
Country
CA
List Price
$2,324,900
Annual Taxes
$12,556
Tax Year
2026
Legal Description
PT LT 151-152 PL 698 CITY WEST AS IN CA511217 S/T & T/W CA511217; CITY OF TORONTO212270122
Possession Type
Immediate
Possession Details
Immediate
Listing Office
BOSLEY REAL ESTATE LTD.
Board
Toronto Regional Real Estate Board
Original Entry
2026-04-20T19:40:11Z
Media Updated
2026-04-21T13:46:16Z
Photos Updated
2026-04-20T19:40:11Z
Last Modified
2026-04-29T17:00:11Z
System Modified
2026-04-29T17:00:12.004181Z
MLS Status
New
Architectural Style
2 1/2 Storey
Basement
Apartment
Co List Office Name
BOSLEY REAL ESTATE LTD.
Ddfyn
Yes
Expiration Date
2026-10-09
Foundation Details
Stone
Heat Source Multi
Gas
Heat Type Multi
Radiant
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parking Spaces
2
Public Remarks
A five-unit Annex Semi Detached property with the kind of envelope and location that is not being built at today's replacement cost. Legal four-plex above grade plus a legal non-conforming lower suite across 5,225+ sq.ft. on Walmer Road, one of the most tenured income streets in central Toronto. In-place rents sit well below current Annex benchmarks. Income reflects long-tenured tenancies rather than today's market. The unit mix is differentiated - not five interchangeable bachelors. Unit 2 on the main floor is a 1,396 sq.ft. parlour-floor residence with a 21-foot living room, fireplace, oversized kitchen, and a 17-foot principal bedroom. Unit 5 on the third floor (1,171 sq.ft.) is configured with two kitchens, two four-piece baths, two primary bedrooms, an office, and a dining room - lives as one generous suite today. Unit 4 (758 sq.ft.) has a four-piece ensuite, walk-in closet, and living space. Unit 3 (710 sq.ft.) is a full one-bedroom with fireplace, kitchen, and dining. Unit 1 in the lower level (1,191 sq.ft., legal non-conforming) reads as a proper apartment: one-bedroom plus 15-foot den, full kitchen, three-piece bath, and private utility room. Three distinct buyer paths converge here. For the investor, five legal income streams on a single folio, a demand floor set by U of T, downtown professionals, and the Dupont / Spadina subway corridor. For the owner-investor - Multiple units are suitable and are amongst the most substantial owner's suites found inside a purpose-built Annex income property; live in it and let the other four units carry the debt while optionality is preserved. For the long-view buyer planning a single-family reversion - 5,225+ sq. ft. of interior envelope is a credible footprint for a top-of-market Annex restoration, and the existing plumbing stacks, kitchens, and floor plates make either path possible without starting from zero. Walking distance to Bloor Street, Casa Loma, the University of Toronto, and the Spadina subway line.
