496-498 Horner Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of Alderwood. Expertly crafted featuring premium brick and aluminum siding construction, this residence presents an exceptional opportunity offered at $2,899,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 13 Bedrooms and 9 Bathrooms with 9 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 44.83 x 125 ft lot
- 11.0 total parking spaces available
- Notable attributes: None
- equipped with central air, wall unit(s) central cooling and highly efficient baseboard heating via gas
Description
Exceptional turnkey 9-unit multi-residential investment opportunity in the highly desirable Alderwood community of South Etobicoke, offering a strong 4.8% cap rate (net) and seller VTB financing available, terms to be negotiated.This fully stabilized asset was completely gutted and extensively renovated between 2017-2018 to impressive condo-style standards. All nine suites feature modern kitchens with updated cabinetry, stylish bathrooms, new flooring, and include appliances: fridge, stove, dishwasher, and microwave. Three units offer private in-suite washer/dryer, while six units share a lower-level coin-operated laundry facility, providing additional income potential.Major capital improvements include upgraded mechanical systems, a high-efficiency furnace, six wall-mounted A/C units, and modernized finishes throughout, creating a low-maintenance, hands-off investment ideal for both seasoned and first-time multifamily investors.Positioned prominently on the northeast corner of Browns Line and Horner Avenue, this property benefits from excellent visibility and accessibility, with immediate proximity to major commuter routes including the QEW, Hwy 427, Gardiner Expressway, and Long Branch GO Station. Located minutes to Sherway Gardens, Lake Ontario waterfront trails, Marie Curtis Park, Farm Boy, CF Sherway, and countless retail amenities.Rare investor advantage includes 11 on-site parking spaces, a significant value-add rarely found in urban multifamily assets. Current rents are at or above market, with one upcoming vacancy on August 1st, presenting immediate upside for rental optimization.A rare opportunity to acquire a fully renovated, income-producing, low-maintenance asset in one of Etobicoke's strongest rental corridors.
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Property Summary
This multiplex located at 496-498 Horner Avenue, Toronto is currently for sale and has been available on SousaSells for 70 days. This property is listed at $2,899,000 with an estimated mortgage of $9,650* per month. It has 13 beds, 9 bathrooms, and is 3500-5000 square feet. 496-498 Horner Avenue, Toronto is in the Alderwood neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 13 bedrooms and 9 bathrooms, this home offers ample space and comfort for growing families in Alderwood, Toronto.
- •13 spacious bedroom layout offering versatile living space
- •9 well-appointed bathrooms
- •3500-5000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Alderwood, Toronto.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- None
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 496-498 Horner Avenue, Toronto, ON
Q.What is the asking price for 496-498 Horner Avenue, Toronto, ON ?
The current listing price for 496-498 Horner Avenue, Toronto, ON in Alderwood, Toronto is $2,899,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 13 bedrooms and 9 bathrooms across approximately 3500-5000 sqft.
Q.What property type and architectural style is 496-498 Horner Avenue, Toronto, ON ?
496-498 Horner Avenue, Toronto, ON is a Multiplex (2-Storey) featuring a None basement.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.Is parking available at this property?
Yes, this property offers parking space for 11.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air, Wall Unit(s).
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Alderwood, Toronto
50 assaults (349.2/100k)
32 B&E (223.5/100k)
51 thefts (356.2/100k)
Elevated vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 496-498 Horner Avenue, Toronto W06, ON M8W 2B8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $2,899,000 in Toronto, the legal minimum down payment is $579,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $58,950 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $58,950 also applies, bringing the total estimated land transfer taxes to $117,900.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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