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    For Sale - 496-498 Horner Avenue, Toronto, Ontario

    Est payment $13,921/mo
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    Views   3
    Time on Jump  12 day

    AI Summary *

    • Turnkey 9-unit investment in desirable Alderwood community.
    • Fully renovated suites with modern kitchens and stylish bathrooms.
    • Multiple rent optimization opportunities with upcoming vacancy.
    • Prime location near major commuter routes and amenities.
    • Includes 11 on-site parking spaces for added value.




    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.
    Listing IDW13471954
    Address496-498 Horner Avenue
    CityToronto, Ontario
    Price$2,899,000
    Bed / Bath13 / 9 Full
    Style2-Storey, Multiplex
    ConstructionBrick, Aluminum Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features NoneOwnership FreeholdBasement NoneFoundation UnknownHeating / Cooling BaseboardHeating Fuel GasSewer Sewer

    Parking 11.00
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    Listing Agency:  ROYAL LEPAGE SIGNATURE REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    496-498 Horner Avenue
    Toronto , Ontario
    13 9 $2,899,000
    Get more info