496-498 Horner Avenue, Toronto, ON M8W 2B8, Toronto W06, ON
5604.0 sqft
Exceptional 9-unit mixed-use investment opportunity in the highly desirable Alderwood community of South Etobicoke, offering a strong 4.8% net cap rate with seller VTB financing available (terms to be negotiated). A rare asset offering immediate stable income and long-term upside through flexible mixed-use commercial/residential zoning.Currently configured as a fully stabilized 9-unit residential income property, the building was extensively gutted and renovated between 2017-2018 to condo-style standards. All nine suites feature modern kitchens, updated bathrooms, upgraded flooring, and include fridge, stove, dishwasher, and microwave. Three units have private in-suite laundry, while six units share a lower-level coin-operated laundry, generating additional income.Major upgrades include mechanical systems, high-efficiency furnace, six wall-mounted A/C units, and modern finishes throughout, creating a low-maintenance turnkey investment.Prominently located on the northeast corner of Browns Line and Horner Avenue, this high-exposure corner property offers excellent visibility and access to the QEW, Hwy 427, Gardiner Expressway, and Long Branch GO Station. Minutes to Sherway Gardens, Lake Ontario waterfront, Marie Curtis Park, Farm Boy, and major retail amenities.Mixed-use zoning offers future flexibility for office, retail, professional services, live/work, or continued residential rental use, subject to approvals. Rarely offered with 11 on-site parking spaces. Current rents are at or above market, with one vacancy coming August 1st, creating immediate upside.
Property Highlights
For Sale
MLS NO.
W13471956
Type
Commercial
Sub Type
Commercial Retail
Square Footage
5604.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Commercial Retail
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
W13471956
Security Features
No
Lot Width
44.83
Garage Type
None
Cooling
Yes
Cooling Installed
Yes
Heat Type
Electric Forced Air
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
Directions
Browns Line/Horner
Country
CA
List Price
$2,899,000
Annual Taxes
$18,226
Tax Year
2025
Possession Type
Other
Possession Details
TBA
Listing Office
ROYAL LEPAGE SIGNATURE REALTY
Board
Toronto Regional Real Estate Board
Original Entry
2026-06-21T09:10:13Z
Media Updated
2026-06-21T13:28:10Z
Photos Updated
2026-06-21T09:44:16Z
Last Modified
2026-06-22T20:18:03Z
System Modified
2026-06-22T20:18:03.301854Z
MLS Status
New
Board Property Type
Com
Co List Office Name
ROYAL LEPAGE SIGNATURE REALTY
Ddfyn
Yes
Expiration Date
2026-12-17
Heat Type Multi
Electric Forced Air
Heating Yn
Yes
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
075810059
Public Remarks
Exceptional 9-unit mixed-use investment opportunity in the highly desirable Alderwood community of South Etobicoke, offering a strong 4.8% net cap rate with seller VTB financing available (terms to be negotiated). A rare asset offering immediate stable income and long-term upside through flexible mixed-use commercial/residential zoning.Currently configured as a fully stabilized 9-unit residential income property, the building was extensively gutted and renovated between 2017-2018 to condo-style standards. All nine suites feature modern kitchens, updated bathrooms, upgraded flooring, and include fridge, stove, dishwasher, and microwave. Three units have private in-suite laundry, while six units share a lower-level coin-operated laundry, generating additional income.Major upgrades include mechanical systems, high-efficiency furnace, six wall-mounted A/C units, and modern finishes throughout, creating a low-maintenance turnkey investment.Prominently located on the northeast corner of Browns Line and Horner Avenue, this high-exposure corner property offers excellent visibility and access to the QEW, Hwy 427, Gardiner Expressway, and Long Branch GO Station. Minutes to Sherway Gardens, Lake Ontario waterfront, Marie Curtis Park, Farm Boy, and major retail amenities.Mixed-use zoning offers future flexibility for office, retail, professional services, live/work, or continued residential rental use, subject to approvals. Rarely offered with 11 on-site parking spaces. Current rents are at or above market, with one vacancy coming August 1st, creating immediate upside.
