For Sale: 496-498 Horner Avenue, Toronto, ON - REW
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$2,899,000
13 bd • 9 ba • 3500 - 5000 sf • House
496-498 Horner Avenue
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$2,899,000
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496-498 Horner AvenueToronto, ON, M8W 2B8

Alderwood
  • 13 Bed
  • 9 Bath
  • 3500 - 5000 Sqft
  • House

About this home

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.
Listed by: Sean Atrie, Salesperson, ROYAL LEPAGE SIGNATURE REALTY

Home facts and features

Price details
List Price
$2,899,000
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Gross Taxes for 2025
$18,226
Home facts
Bedrooms
13
Full Bathrooms
9
Parking Spaces
11
Property Type
House
Lot Size
44 ft x 125 ft (5603 ft²)
Depth
125.0
Frontage
44.83
Exterior Finish
Brick, Aluminum Siding
Heating Type
Baseboard, Gas
Cooling
Central Air, Wall Unit(s)
Community
Agent details
Primary Agent
Sean Atrie
Primary Broker
ROYAL LEPAGE SIGNATURE REALTY
Secondary Agent
Charlotte ATRIE
Secondary Broker
ROYAL LEPAGE SIGNATURE REALTY
Listing details
Days on REW
1 Day
MLS® Number
W13471954
Source
Toronto Real Estate Board
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Property Insights

Sir Adam Beck Junior School
  • Public
  • JK - 5
Lanor Junior Middle School
  • Public
  • JK - 8
St Ambrose Catholic School
  • Catholic
  • JK - 8
Christ the King Catholic School
  • Catholic
  • JK - 8
New Haven Learning Centre
  • Private
  • JK - 12
James S Bell Junior Middle School
  • Public
  • JK - 8
Star Academy Elementary Private School
  • Private
  • JK - 8
ISNA Islamic School
  • Private
  • 9 - 12
Twentieth Street Junior School
  • Public
  • JK - 5
Lakeshore Collegiate Institute
  • Public
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Sean Atrie
Phone:
416-518-4007
Office:
416-205-0355
Salesperson
Charlotte Atrie
Office:
416-205-0355
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