85 Walmer Road
Toronto C02, ON
8 bed • 6 bath • approx. 3500-5000 sqft • Fourplex • 125 days on market
A five-unit Annex Semi Detached property with the kind of envelope and location that is not being built at today's replacement cost. Legal four-plex above grade plus a legal non-conforming lower suite across 5,225+ sq.ft. on Walmer Road, one of the most tenured income streets in central Toronto. In-place rents sit well below current Annex benchmarks. Income reflects long-tenured tenancies rather than today's market. The unit mix is differentiated - not five interchangeable bachelors. Unit 2 on the main floor is a 1,396 sq.ft. parlour-floor residence with a 21-foot living room, fireplace, oversized kitchen, and a 17-foot principal bedroom. Unit 5 on the third floor (1,171 sq.ft.) is configured with two kitchens, two four-piece baths, two primary bedrooms, an office, and a dining room - lives as one generous suite today. Unit 4 (758 sq.ft.) has a four-piece ensuite, walk-in closet, and living space. Unit 3 (710 sq.ft.) is a full one-bedroom with fireplace, kitchen, and dining. Unit 1 in the lower level (1,191 sq.ft., legal non-conforming) reads as a proper apartment: one-bedroom plus 15-foot den, full kitchen, three-piece bath, and private utility room. Three distinct buyer paths converge here. For the investor, five legal income streams on a single folio, a demand floor set by U of T, downtown professionals, and the Dupont / Spadina subway corridor. For the owner-investor - Multiple units are suitable and are amongst the most substantial owner's suites found inside a purpose-built Annex income property; live in it and let the other four units carry the debt while optionality is preserved. For the long-view buyer planning a single-family reversion - 5,225+ sq. ft. of interior envelope is a credible footprint for a top-of-market Annex restoration, and the existing plumbing stacks, kitchens, and floor plates make either path possible without starting from zero. Walking distance to Bloor Street, Casa Loma, the University of Toronto, and the Spadina subway line.
Listing Details
- Taxes (2026)
- $12,556
- Listed
- April 20, 2026
Price History
Property
- Style
- 2 1/2 Storey
- Age
- 100+
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Interior
- Other
- Lot Size
- 29.83 x 127.67 Feet
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Bloor and Spadina
- Zoning
- R (D 1.0) (x 900)
- Possession
- Immediate
Commercial
- Occupancy
- Tenant
Included
- Inclusions
- All appliances in place.
- Exclusions
- all items belonging to the tenants
- Rental Items
- hot water/boiler
Community
Postal area M5R
- Population
- 26,197
- Private dwellings
- 16,591
- Median age
- 42
- Average household size
- 1.8
- Median household income
- $86,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Toronto C02 · last 12 months
- Median sold price
- $1,250,000
- Homes sold
- 729
- Median days on market
- 25
- Sale-to-list price
- 97.1%
Based on 729 recorded sales of residential freehold properties in Toronto C02 over the last 12 months.
Listed by
BOSLEY REAL ESTATE LTD.
Mortgage Calculator
$464,980
Estimated Monthly Payment
$11,422
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $11,422/mo (20% down, 5.5%)
Taxes: $1,046/mo · Insurance: $581/mo
Estimates only. Consult a financial advisor.
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