496-498 Horner Avenue
Toronto W06, ON M8W 2B8
Price
$2,899,000
Building Size
5,604 sq ft
MLS# W13471956 | Listed by ROYAL LEPAGE SIGNATURE REALTY
Business Details
Property Use
Multi-Use
Commercial Space & Financials
Retail Area
4,000 sq ft
Taxes (Annual)
$18,226.19
Industrial Specifications
Lot Size
44.83' × 125'
Structure
Freestanding
Property Description
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.
Price & Status History
Price history is locked
Location
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496-498 Horner Avenue, Toronto W06 M8W 2B8
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Listing Courtesy of: ROYAL LEPAGE SIGNATURE REALTY
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