50 Waniska Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable 3-Storey multiplex located in the coveted neighborhood of Stonegate-Queensway. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $3,390,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 14 Bedrooms and 6 Bathrooms with 6 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 90 x 135.25 ft lot
- Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 12.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Other
- equipped with wall unit(s) central cooling and highly efficient water heating via gas
Description
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. $220,000 representing an attractive projected Cap Rate of 6.6%. 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 & practical layout, featuring large Foyer with double guest closet & linen closet, family-sized eat-in Kitchen with Breakfast Area, spacious Living Rm, separate Dining Rm, updated 4-pc Bathroom with towel warmer, generously sized Bedrooms, some with 2 double closets & oversized windows providing abundant natural light. Ideally situated on 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.
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Property Summary
This multiplex located at 50 Waniska Avenue, Toronto is currently for sale and has been available on SousaSells for 7 days. This property is listed at $3,390,000 with an estimated mortgage of $11,284* per month. It has 14 beds, 6 bathrooms, and is 5000 + square feet. 50 Waniska Avenue, Toronto is in the Stonegate-Queensway neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 14 bedrooms and 6 bathrooms, this home offers ample space and comfort for growing families in Stonegate-Queensway, Toronto.
- •14 spacious bedroom layout offering versatile living space
- •6 well-appointed bathrooms
- •5000 + sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Stonegate-Queensway, Toronto.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Lake/Pond
- Park
- Public Transit
- Rec./Commun.Centre
- River/Stream
- School
Interior Features
- Other
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 50 Waniska Avenue, Toronto, ON
Q.What is the asking price for 50 Waniska Avenue, Toronto, ON ?
The current listing price for 50 Waniska Avenue, Toronto, ON in Stonegate-Queensway, Toronto is $3,390,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 14 bedrooms and 6 bathrooms across approximately 5000 + sqft.
Q.What property type and architectural style is 50 Waniska Avenue, Toronto, ON ?
50 Waniska Avenue, Toronto, ON is a Multiplex (3-Storey) featuring a Apartment, Separate Entrance basement.
Q.What key property features does 50 Waniska Avenue, Toronto, ON offer?
Key property features include: Lake/Pond, Park, Public Transit, Rec./Commun.Centre, River/Stream, School.
Q.What interior features are included in this home?
Interior highlights include: Other.
Q.Is parking available at this property?
Yes, this property offers parking space for 12.0 vehicles (Built-In).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Wall Unit(s).
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Pricing & Value Insights
Data-driven valuation for 50 Waniska Avenue, Toronto, ON M8Y 1P9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $3,390,000 in Toronto, the legal minimum down payment is $678,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $71,225 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $71,225 also applies, bringing the total estimated land transfer taxes to $142,450.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.