50 Waniska Avenue More Photos

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    For Sale - 50 Waniska Avenue, Toronto, Ontario

    Est payment $16,278/mo
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    Views   2
    Time on Jump  55 day

    AI Summary *

    • Outstanding investment opportunity in a highly desirable Toronto neighbourhood.
    • Fully vacant building allows flexibility to set market rents immediately.
    • Potential for an estimated net annual income of approximately $196,000.
    • Spacious and bright apartments with practical well-designed layouts.
    • Convenient access to amenities, parks, and transportation options.




    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. $196,000 representing an attractive projected cap rate of 6. 1%. 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, bright, sunny rooms with practical well designed layouts, featuring front foyer with double guest closet & linen closet, family-sized kitchen with breakfast area, large living rm, separate dining rm, updated 4-pc bathroom with towel warmer, generously sized bedrooms, some with 2 double closets & oversized windows. Ideally situated on a 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.
    Listing IDW13624576
    Address50 Waniska Avenue
    CityToronto, Ontario
    Price$3,390,000
    Bed / Bath14 / 6 Full
    Style3-Storey, Multiplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features OtherAmenities Lake/Pond, Park, Public Transit, Rec./Commun.Centre, River/Stream, SchoolOwnership FreeholdBasement Apartment, Separate EntranceFoundation Concrete BlockHeating / Cooling WaterHeating Fuel GasSewer Sewer

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    Listing Agency:  RE/MAX PROFESSIONALS INC.

    * 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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    50 Waniska Avenue
    Toronto , Ontario
    14 6 $3,390,000
    Get more info