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496-498 Horner Avenue

Alderwood Toronto M8W 2B8

$2,899,000

Residential Freehold beds: 13 baths: 9.0

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

W13471954

Bedrooms:

13

Bathrooms:

9

• Photos (31)

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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.

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Multiplex

Home Style:

2-Storey

Total Approx Floor Area:

3500-5000

Lot Depth:

125'38.1 m

Lot Frontage:

44'10"13.7 m

Lot Details:

44.83 x 125.00 Feet

Direction Faces:

North

Bedrooms:

13

Bathrooms:

9.0

Water supply:

Municipal

Kitchens:

9

Bedrooms Above Grade:

13

Kitchens Above Grade:

9

Rooms Above Grade:

26

Rooms Below Grade:

3

Rooms:

0

Zoning:

Commercial/Residentail

Additional Info:

Heating type:

Baseboard

Heating Fuel:

Gas

Cooling:

Yes

Foundation:

Unknown

Roof:

Unknown

Basement:

None

Fireplace/Stove:

No

Garage:

None

Garage Spaces:

0.0

Parking Spaces:

11

Total Parking Spaces:

11.0

Family Room:

No

Possession Details:

TBA

Pool:

None

Financial Info:

HST Applicable To Sale Price:

Included In

Taxes:

$18,226.19 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto W06

Listing Sub-Area:

Alderwood

Interior Features:

None

Exterior Finish:

Brick, Aluminum Siding

Other Details:

Energy Certification:

Yes

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

Central Air, Wall Unit(s)

Central Vacuum:

No

Seller Property Info Statement:

No

Listing Info:

Date Listed:

Jun 21, 2026

Original Price:

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Previous Price:

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Listed by ROYAL LEPAGE SIGNATURE REALTY

Data was last updated June 21, 2026 at 12:15 PM (UTC)

• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.

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