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

    Est payment $13,921/mo
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    Views   2
    Time on Jump  8 day

    AI Summary *

    • 9-unit mixed-use property with strong 4.8% net cap rate for stable income.
    • Recently renovated to condo-style standards with modern kitchens and updates.
    • Three units feature in-suite laundry; additional income from shared laundry.
    • Prime location with easy access to major highways and amenities.
    • Mixed-use zoning offers flexible future use for rentals or commercial space.




    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.
    Listing IDW13471956
    Address496-498 Horner Avenue
    CityToronto, Ontario
    Price$2,899,000
    StyleCommercial Retail
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailHeating / Cooling Electric Forced Air

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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
    $2,899,000
    Get more info