$2,899,000
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496 498 Horner Avenue, Toronto (alderwood), ON M8W2B8

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- Beds
0 Baths
5,604 Sq Ft

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:58753)

Listing By: SEAN ATRIE - ROYAL LEPAGE SIGNATURE REALTY cncrea2 Realty.com
  • MLS® W13471956
  • Date Listed06/22/2026
  • Days on Realty 22 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Property Type Other
  • Water Public
  • Square Feet 5,604 sq. ft
  • Price Per Sq. Ft $517.31

Interior Features

  • Cooling Fully air conditioned
  • Heating Forced air

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Browns Line/Horner

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for M8W2B8

Discover key demographics, population statistics, and environmental insights for the Toronto (alderwood), ON area.

Walkability in ON / M8W2B8

Source: Walk Score

78/100

Very Walkable

Walk Score ®

61/100

Good Transit

Transit Score ®

55/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. Many nearby public transportation options. Some bike infrastructure.

Transit Summary

6 nearby routes: 4 bus, 2 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 66/100, Transit Score: 58/100, Bike Score: 57/100.

Points of Interest near 496 498 HORNER AVENUE, Toronto (Alderwood), ON M8W2B8

Frequently Asked Questions for 496 498 HORNER AVENUE

Source: Realty.com

496 498 HORNER AVENUE, Toronto (Alderwood), ON M8W2B8 in Toronto (Alderwood), ON M8W2B8 is a other listed at $2,899,000. Highlights include 5,604 sq. ft., $517 per sq. ft.. Realty.ca has 34 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 34 photos of 496 498 HORNER AVENUE.

The full address for this home is 496 498 HORNER AVENUE, Toronto (Alderwood), ON M8W2B8.

496 498 HORNER AVENUE has been listed on Realty.com since Mon June 22, 2026

Most errands can be accomplished on foot. Many nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 66/100, Transit Score: 58/100, Bike Score: 57/100.

Listing provided courtesy of: ROYAL LEPAGE SIGNATURE REALTY
Listing agent: SEAN ATRIE

This content last refreshed on 2026-07-14 17:38:00. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.