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50 Waniska Avenue, Etobicoke

150 150 Irena Coyne

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 and immediate income optimization.  This is a rare opportunity to acquire a fully vacant Apartment Building with the flexibility to establish market rents from day one.  Based on projected market rents, the property offers the potential to generate an estimated net annual income of approximately $220,000 representing an attractive projected cap rate of 6.6%.

This well-maintained Building features six self-contained units, two 3-Bedroom Apartments and four 2-Bedroom Apartments, several of which have been updated, exceptionally spacious front and rear common hallways, providing convenient access to all suites, laundry room, mechanical room, 5 storage lockers, 6 garage parking spaces and 6 surface parking spaces. 

Each Apartment offers a spacious and practical layout, featuring a large front foyer with double guest closet and linen closet, a family-sized eat-in Kitchen with Breakfast Area, spacious Living Room, separate Dining Room, an updated four-piece Bathroom with heated towel warmer, generously sized Bedrooms, some with two double closets, and oversized windows that fill the Apartments with abundant natural light.

Ideally situated on a peaceful, tree-lined residential street just north of The Queensway corridor, offering immediate access to a wide array of grocery stores, local cafés, pharmacies, restaurants, and everyday amenities. The neighbourhood is served by highly regarded schools and is within walking distance of the public library, parks, and several early childhood daycare centres. Residents will appreciate the close proximity to the Humber River Trail System, Humber Bay Park, and the shores of Lake Ontario.  Excellent transportation options include the nearby Humber Loop, providing streetcar service between South Etobicoke and downtown Toronto, TTC bus routes connecting to nearby subway stations, Mimico GO Station at Royal York Road, the proposed future Park Lawn GO Station, and quick access to the Gardiner Expressway, Highway 427, and the QEW, providing outstanding connectivity throughout Toronto and the GTA.

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Irena Coyne

All stories by: Irena Coyne

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