50 Waniska Avenue, Toronto, ON M8Y 1P9, Toronto W07, ON
Bed 14
Bath 6
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. $220,000 representing an attractive projected Cap Rate of 6.6%. 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.
Property Highlights
For Sale
MLS NO.
W13624576
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
14
Bathrooms
6
Parking
12.0
Garage
Yes
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
W13624576
Living Area Range
5000 +
Total Bedrooms
14
Bedrooms Above Grade
14
Total Bathrooms
6
Total Kitchens
6
Kitchens Above Grade
6
Rooms Above Grade
33
Rooms Below Grade
1
Interior Features
Other
Fireplace
No
Central Vacuum Yn
No
Construction
Brick
Roof
Membrane
Lot Width
90.0
Lot Size Units
SquareFeet
Parking Features
Private
Parking Total
12.0
Covered Spaces
6.0
Garage Type
Built-In
Garage
Yes
Pool
None
Direction Facing
North
Cooling
Wall Unit(s)
Heat Source
Gas
Heat Type
Water
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
50 Waniska Avenue, Toronto, ON M8Y 1P9
City
Toronto W07
Neighbourhood
Stonegate-Queensway
County / Region
Toronto
Province / State
ON
Postal Code
M8Y 1P9
Cross Street
The Queensway/Park Lawn Road
Directions
South of Berry Road, North of The Queensway, East of Park Lawn Road, West of Stephen Drive
Country
CA
List Price
$3,390,000
Annual Taxes
$13,512
Tax Year
2026
Legal Description
LTS 23 & 24, PL 5202; S/T EB196845 ETOBICOKE, CITY OF TORONTO
Possession Type
Flexible
Possession Details
Immediate/TBA
Listing Office
RE/MAX PROFESSIONALS INC.
Board
Toronto Regional Real Estate Board
Original Entry
2026-07-31T14:03:11Z
Media Updated
2026-07-31T14:03:11Z
Photos Updated
2026-07-31T14:03:11Z
Last Modified
2026-07-31T17:03:17Z
System Modified
2026-07-31T17:03:17.54416Z
MLS Status
New
Architectural Style
3-Storey
Basement
Apartment, Separate Entrance
Co List Office Name
RE/MAX PROFESSIONALS INC.
Ddfyn
Yes
Expiration Date
2026-11-30
Foundation Details
Concrete Block
Heat Source Multi
Gas
Heat Type Multi
Water
Hstapplication
Included In
Occupant Type
Partial
Originating System Id
A00001796
Parcel Number
075030315
Parking Spaces
6
Property Features
Lake/Pond, Park, Public Transit, Rec./Commun.Centre, River/Stream, School
Public Remarks
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. $220,000 representing an attractive projected Cap Rate of 6.6%. 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.
