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$2,899,000
Ontario,Toronto (Alderwood)
For Sale Active
496-498 HORNER AVENUE, Toronto (Alderwood), Ontario M8W2B8
  • 5,604 Sqft
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Basic Details
Description

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. (id:62650)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: W13471956
  • Price: $2,899,000
  • Square Footage: 5,604 Sqft
  • Status: Active
  • Office Name: ROYAL LEPAGE SIGNATURE REALTY
  • Property Sub Type: Retail
  • Office Key: 275987
Features & Appliances
Features
  • Heating System: Forced air
  • Cooling System: Fully air conditioned
Address Map
  • Location: CA, Ontario, Toronto (Alderwood), M8W2B8
  • Street: Horner
  • Street Number: 496-498
  • Street Suffix: Avenue
  • Longitude: W80° 27' 20.2''
  • Latitude: N43° 36' 7.8''
Additional Information
  • Water Source:
  • Lot Size Dimensions: 44.83 x 125 FT
Financial
  • Tax Annual Amount: 18226.19
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Listing updated: 2026-07-13 20:21:57
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Listing Information
  • List Agent Key: 1525591
  • List Office Key: 275987
  • Modification Timestamp: 2026-06-22T21:50:16Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-06-22T21:41:11Z
Powered by REALTOR.ca
Listing updated: 2026-07-13 20:21:57
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