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496-498 Horner Avenue
Alderwood Toronto M8W 2B8

$2,899,000
Residential Freehold beds: 13 baths: 9.0

Main Photo: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 1: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 2: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 3: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 4: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 5: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 6: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
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Photo 9: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 10: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
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Photo 12: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 13: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
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Photo 17: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 18: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 19: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 20: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 21: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 22: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 23: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 24: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 25: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 26: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 27: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 28: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 29: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 30: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Photo 31: 496-498 Horner Avenue in Toronto: Alderwood House for sale (Toronto W06)  : MLS®# W13471954
Status:
Active
Prop. Type:
Residential Freehold
MLS® Num:
W13471954
Bedrooms:
13
Bathrooms:
9
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.
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
2-Storey
Total Approx Floor Area:
3500-5000
Lot Depth:
125'
Lot Frontage:
44'10"
Lot Details:
44.83 x 125.00 Feet
Direction Faces:
North
Bedrooms:
13
Bathrooms:
9.0
Water supply:
Municipal
Kitchens:
9
Bedrooms Above Grade:
13
Kitchens Above Grade:
9
Rooms Above Grade:
26
Rooms Below Grade:
3
Rooms:
0
Zoning:
Commercial/Residentail
Heating type:
Baseboard
Heating Fuel:
Gas
Cooling:
Yes
Foundation:
Unknown
Roof:
Unknown
Basement:
None
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Spaces:
11
Total Parking Spaces:
11.0
Family Room:
No
Possession Details:
TBA
Pool:
None
HST Applicable To Sale Price:
Included In
Taxes:
$18,226.19 / 2025
Assessment:
$- / -
Toronto
Toronto W06
Alderwood
None
Brick, Aluminum Siding
Energy Certification:
Yes
Special Designation:
Unknown
Sewers:
Sewer
Air Conditioning:
Central Air, Wall Unit(s)
Central Vacuum:
No
Seller Property Info Statement:
No
Date Listed:
Jun 21, 2026
Original Price:
Previous Price:
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Data was last updated June 21, 2026 at 04:15 PM (UTC)
WAYNE CLEMENTS, Broker
ANDREW BOLTON, Broker
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.