50 Waniska Avenue, Toronto, ON M8Y 1P9
Toronto W07
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 50 Waniska Avenue, Toronto, ON M8Y 1P9
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# W13624576
Listed by RE/MAX PROFESSIONALS INC.
On market since Jul 31, 2026
What comparable homes actually sold for in the last 12 months.
50 Waniska Avenue, Toronto, ON M8Y 1P9 is listed for $3,390,000 CAD.
50 Waniska Avenue, Toronto, ON M8Y 1P9 has 14 bedrooms and 6 bathrooms.
50 Waniska Avenue, Toronto, ON M8Y 1P9 is a Multiplex.
50 Waniska Avenue, Toronto, ON M8Y 1P9 is in Toronto W07, Ontario.
50 Waniska Avenue, Toronto, ON M8Y 1P9 is currently for sale.
Contact Alex Morgan at +16471112222 to arrange a private showing of 50 Waniska Avenue, Toronto, ON M8Y 1P9 (MLS# W13624576). You can also send a message through the contact form on this site.
