For Sale: 50 Waniska Avenue, Toronto, ON - REW
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$3,390,000
14 bd • 6 ba • 5000+ sf • House
50 Waniska Avenue
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$3,390,000
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50 Waniska AvenueToronto, ON, M8Y 1P9

Stonegate-Queensway
  • 14 Bed
  • 6 Bath
  • 5000+ Sqft
  • House

About this home

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. $220,000 representing an attractive projected Cap Rate of 6.6%. 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 & practical layout, featuring large Foyer with double guest closet & linen closet, family-sized eat-in Kitchen with Breakfast Area, spacious Living Rm, separate Dining Rm, updated 4-pc Bathroom with towel warmer, generously sized Bedrooms, some with 2 double closets & oversized windows providing abundant natural light. Ideally situated on 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.
Listed by: Irena Coyne, Salesperson, RE/MAX PROFESSIONALS INC.

Home facts and features

Price details
List Price
$3,390,000
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Gross Taxes for 2026
$13,512
Home facts
Bedrooms
14
Full Bathrooms
6
Parking Spaces
12
Parking Details
Private
Property Type
House
Lot Size
90 ft x 135 ft (12172 ft²)
Depth
135.25
Frontage
90.0
Exterior Finish
Brick
Heating Type
Water, Gas
Cooling
Wall Unit(s)
Basement Details
Apartment, Separate Entrance
Features
Lake/Pond, Park, Public Transit, Rec./Commun.Centre, River/Stream, School
Community
Agent details
Primary Agent
Irena Coyne
Primary Broker
RE/MAX PROFESSIONALS INC.
Secondary Agent
Secondary Broker
RE/MAX PROFESSIONALS INC.
Listing details
Days on REW
1 Day
MLS® Number
W13624576
Source
Toronto Real Estate Board
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Property Insights

St Mark Catholic School
  • Catholic
  • JK - 8
Étienne Brûlé Junior School
  • Public
  • JK - 5
Behaviour Innovations, Children's Colleg
  • Private
  • PS - 12
Park Lawn Junior & Middle School
  • Public
  • JK - 8
Karen Kain School of the Arts
  • Public
  • 6 - 8
St Louis Catholic School
  • Catholic
  • JK - 8
Etobicoke School of the Arts
  • Public
  • 9 - 12
Swansea Junior and Senior Public School
  • Public
  • JK - 8
Bishop Allen Academy Catholic Secondary School
  • Catholic
  • 9 - 12
David Hornell Junior School
  • Public
  • JK - 5
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
Irena Coyne
Phone:
416-317-7377
Office:
416-232-9000
Broker
Philip Wynne
Phone:
(416) 236-1241
Office:
416-236-1241
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