50 Waniska Avenue
Toronto W07, ON
- 14 bed
- 6 bath
- approx. 5000 + sqft
- Multiplex
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. $196,000 representing an attractive projected Cap Rate of 6.1%. 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, bright, sunny rooms with practical well designed layouts, featuring front Foyer with double guest closet & linen closet, family-sized Kitchen with Breakfast Area, large Living Rm, separate Dining Rm, updated 4-pc Bathroom with towel warmer, generously sized Bedrooms, some with 2 double closets & oversized windows. Ideally situated on a 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.
Virtual Tour
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Listing Details
- Taxes (2026)
- $13,512
- Listed
- July 30, 2026
Price History
Property
- Style
- 3-Storey
- Construction
- Brick
- Roof
- Membrane
- Foundation
- Concrete Block
- Interior
- Other
- Lot Size
- 90 x 135.25 Feet
Parking
- Garage
- Built-In
- Covered Spaces
- 6
- Total Parking
- 12
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- The Queensway/Park Lawn Rd
- Parcel Number
- 075030315
- Possession
- Flexible
- Occupancy
- Partial
Included
- Inclusions
- All existing window coverings, 6 Fridges, 6 Stoves, 2 Microwaves, 5 Dishwashers, 6 Towel Warmers, 6 Wall Air Conditioning Units, 1 coin operated Washer, 1 coin operated Dryer, 5 Storage Lockers.
- Exclusions
- Apartment #2 Dining Room Chandelier
Schools
Elementary
- St Mark Catholic School0.3 km
Catholic · Toronto CDSB · 255 students
Grade 3 reading: 56% met the provincial standard · Grade 6 math: 47% met the provincial standard
- Étienne Brûlé Junior School0.3 km
Public · Toronto DSB · 290 students
Grade 3 reading: 87% met the provincial standard
- Park Lawn Junior and Middle School0.9 km
Public · Toronto DSB · 550 students
Grade 3 reading: 64% met the provincial standard · Grade 6 math: 62% met the provincial standard
Secondary
- Etobicoke School of the Arts1.3 km
Public · Toronto DSB · 825 students
Grade 10 literacy: 92% met the provincial standard
- Bishop Allen Academy Catholic Secondary School1.5 km
Catholic · Toronto CDSB · 1460 students
Grade 10 literacy: 94% met the provincial standard
- The Student School2.8 km
Public · Toronto DSB · 105 students
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area M8Y
- Population
- 21,986
- Private dwellings
- 10,533
- Median age
- 40.8
- Average household size
- 2.2
- Median household income
- $91,000
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 W07 · last 12 months
- Median sold price
- $1,250,000
- Homes sold
- 227
- Median days on market
- 13
- Sale-to-list price
- 99.3%
Based on 227 recorded sales of residential freehold properties in Toronto W07 over the last 12 months.
Listed by
RE/MAX PROFESSIONALS INC.
Walk Score
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Location
Street View
Mortgage Calculator
$678,000
Estimated Monthly Payment
$16,654
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $16,654/mo (20% down, 5.5%)
Taxes: $1,126/mo · Insurance: $848/mo
Estimates only. Consult a financial advisor.
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