496-498 Horner Avenue
Toronto W06, ON
- 5,604 sqft
- Commercial Retail
- 81 days on market
Exceptional 9-unit mixed-use investment opportunity in the highly desirable Alderwood community of South Etobicoke, offering a strong 4.8% net cap rate with seller VTB financing available (terms to be negotiated). A rare asset offering immediate stable income and long-term upside through flexible mixed-use commercial/residential zoning.Currently configured as a fully stabilized 9-unit residential income property, the building was extensively gutted and renovated between 2017-2018 to condo-style standards. All nine suites feature modern kitchens, updated bathrooms, upgraded flooring, and include fridge, stove, dishwasher, and microwave. Three units have private in-suite laundry, while six units share a lower-level coin-operated laundry, generating additional income.Major upgrades include mechanical systems, high-efficiency furnace, six wall-mounted A/C units, and modern finishes throughout, creating a low-maintenance turnkey investment.Prominently located on the northeast corner of Browns Line and Horner Avenue, this high-exposure corner property offers excellent visibility and access to the QEW, Hwy 427, Gardiner Expressway, and Long Branch GO Station. Minutes to Sherway Gardens, Lake Ontario waterfront, Marie Curtis Park, Farm Boy, and major retail amenities.Mixed-use zoning offers future flexibility for office, retail, professional services, live/work, or continued residential rental use, subject to approvals. Rarely offered with 11 on-site parking spaces. Current rents are at or above market, with one vacancy coming August 1st, creating immediate upside.
Listing Details
- Taxes (2025)
- $18,226
- Listed
- June 20, 2026
Price History
Listing history
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Property
- Lot Size
- 44.83 x 125 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Browns Line/Horner
- Zoning
- Commercial/Residentail
- Parcel Number
- 075810059
- Possession
- Other
- Occupancy
- Tenant
Included
- Inclusions
- The property is equipped with exterior security camera surveillance for added monitoring and security of the common areas.
Community
Postal area M8W
- Population
- 22,381
- Private dwellings
- 9,994
- Median age
- 41.6
- Average household size
- 2.4
- Median household income
- $95,000
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
Commercial in Toronto W06 · last 12 months
- Median sold price
- $775,000
- Homes sold
- 969
- Median days on market
- 24
- Sale-to-list price
- 97.8%
Based on 969 recorded sales of commercial properties in Toronto W06 over the last 12 months.
Listed by
ROYAL LEPAGE SIGNATURE REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 5,604 sq ft
- Price per sq ft
- $517.31
- Annual property tax
- $18,226
- Tax per sq ft
- $3.25
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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