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

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13 Beds
9 Baths
- Sq Ft

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. (id:58753)

Listing By: SEAN ATRIE - ROYAL LEPAGE SIGNATURE REALTY cncrea2 Realty.com
  • MLS® W13471954
  • Date Listed06/22/2026
  • Days on Realty 22 Days
  • Bedrooms 13
  • Bathrooms 9 baths
  • Lot Size -
  • Sewer Other
  • Property Type Other
  • Water Public

Interior Features

  • Cooling Central air conditioning, Wall unit
  • Heating Baseboard heaters, Forced air, Natural gas

Exterior / Lot Features

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

Directions

Browns Line & Horner Ave

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 13 bedrooms, 9 bathrooms. Realty.ca has 31 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 31 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 16:24:36. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.