496-498 Horner Avenue, Toronto, ON M8W 2B8, Toronto W06, ON
Bed 13
Bath 9
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.
Property Highlights
For Sale
MLS NO.
W13471954
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
13
Bathrooms
9
Parking
11.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
W13471954
Living Area Range
3500-5000
Total Bedrooms
13
Bedrooms Above Grade
13
Total Bathrooms
9
Total Kitchens
9
Kitchens Above Grade
9
Rooms Above Grade
26
Rooms Below Grade
3
Interior Features
None
Fireplace
No
Central Vacuum Yn
No
Construction
Brick, Aluminum Siding
Roof
Unknown
Lot Width
44.83
Parking Total
11.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
North
Cooling
Central Air, Wall Unit(s)
Cooling Installed
Yes
Heat Source
Gas
Heat Type
Baseboard
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
496-498 Horner Avenue, Toronto, ON M8W 2B8
City
Toronto W06
Neighbourhood
Alderwood
County / Region
Toronto
Province / State
ON
Postal Code
M8W 2B8
Cross Street
Browns Line & Horner Ave
Directions
Browns Line & Horner Ave
Country
CA
List Price
$2,899,000
Annual Taxes
$18,226
Tax Year
2025
Legal Description
Lot 63 Plan 2195
Possession Type
Other
Possession Details
TBA
Listing Office
ROYAL LEPAGE SIGNATURE REALTY
Board
Toronto Regional Real Estate Board
Original Entry
2026-06-21T08:58:15Z
Media Updated
2026-06-21T09:30:31Z
Photos Updated
2026-06-21T09:30:31Z
Last Modified
2026-06-21T09:30:31Z
System Modified
2026-06-21T09:30:31.10743Z
MLS Status
New
Architectural Style
2-Storey
Basement
None
Board Property Type
Com
Co List Office Name
ROYAL LEPAGE SIGNATURE REALTY
Ddfyn
Yes
Expiration Date
2026-12-31
Foundation Details
Unknown
Heat Source Multi
Gas
Heat Type Multi
Baseboard, Forced Air
Heating Yn
Yes
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
075810059
Parking Spaces
11
Public Remarks
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.
