3263 Lake Shore Boulevard
Toronto W06, ON
16 bed • 11 bath • approx. 3500-5000 sqft • Multiplex • 185 days on market
This very profitable legal apartment building comprises ten well-maintained units, strategically situated just two minutes away from Humber College. Its prime location makes it a highly desirable investment for those seeking strong returns and stable demand. The property offers versatility in management, as it can be operated either as a traditional rental or as an Airbnb business. This flexibility provides potential owners with the opportunity to choose the model that best suits their investment strategy and market conditions. The current tenant base is primarily composed of Humber College students. This revolving tenancy ensures a steady influx of occupants, contributing to the building's consistent profitability year after year. Significant renovations were completed in 2017 and 2019, resulting in the building being in excellent condition. These upgrades have enhanced the property's appeal and ensured that all units meet modern standards. The building is equipped with advanced security and safety amenities, including: Keyless/Key scan access for secure entry; API fire monitoring system; 24/7 security cameras installed throughout the premises; LED lighting for improved visibility and energy efficiency. A new roof was installed in 2017, providing long-term durability and protection. Additionally, the building features a tankless boiler system, ensuring efficient heating and optimal energy usage for all tenants. The units have separate meters (7 existing and 4approved).
Listing Details
- Taxes (2025)
- $11,878
- Listed
- February 19, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Brick Veneer
- Roof
- Flat
- Foundation
- Concrete Block
- Interior
- None
- Lot Size
- 40 x 115 Feet
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Lake Shore Blvd W & Kipling Avenue
- Zoning
- C1-AV
- Parcel Number
- 075950122
- Possession
- Other
Commercial
- Occupancy
- Tenant
Community
Postal area M8V
- Population
- 44,144
- Private dwellings
- 24,434
- Median age
- 40
- Average household size
- 1.9
- Median household income
- $79,000
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 W06 · last 12 months
- Median sold price
- $777,000
- Homes sold
- 981
- Median days on market
- 24
- Sale-to-list price
- 97.7%
Based on 981 recorded sales of residential freehold properties in Toronto W06 over the last 12 months.
Listed by
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Mortgage Calculator
$799,980
Estimated Monthly Payment
$19,650
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $19,650/mo (20% down, 5.5%)
Taxes: $990/mo · Insurance: $1,000/mo
Estimates only. Consult a financial advisor.
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