MLS® listing
50 Waniska Avenue: multiplex for sale
$2,999,900
From the listing brokerage
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. $196,000 representing an attractive projected Cap Rate of 6.1%. 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, bright, sunny rooms with practical well designed layouts, featuring front Foyer with double guest closet & linen closet, family-sized Kitchen with Breakfast Area, large Living Rm, separate Dining Rm, updated 4-pc Bathroom with towel warmer, generously sized Bedrooms, some with 2 double closets & oversized windows. Ideally situated on a 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.
Facts on the listing
| Square feet | 5000 + |
|---|---|
| Style | 3-Storey |
| Basement | Apartment, Separate Entrance |
| Lot width | 90 |
| Lot depth | 135.25 |
| Lot measured in | Feet |
| Faces | North |
| Parking spaces | 12 |
| Garage | Built-In |
| Heating | Water |
| Cooling | Wall Unit(s) |
| Kitchens | 6 |
| Property tax | $13,512 |
| Tax year | 2026 |
| Parking | Private |
| Interior features | Other |
| Features | Lake/Pond, Park, Public Transit, Rec./Commun.Centre, River/Stream, School |
Listing courtesy of RE/MAX PROFESSIONALS INC.. MLS® W13624576.
About this multiplex
50 Waniska Avenue is a 14 bedroom multiplex in TRREB's Stonegate-Queensway community in Toronto, listed for sale at $2,999,900. The listing shows 6 bathrooms and 5000 + square feet. The style is given as 3-storey. The lot is listed as 90 by 135.25 feet. The listing gives the basement as apartment, separate entrance. It comes with 12 parking spaces and a built-in garage according to the listing. The nearest main intersection given is The Queensway/Park Lawn Rd.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 50 Waniska Avenue
At the asking price of $2,999,900, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $2,999,900 |
|---|---|
| Ontario land transfer tax | $61,473 |
| Toronto municipal land transfer tax | $61,473 |
| Both taxes | $122,946 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $599,980 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The rates above $2,000,000 used here are the ones for a home with one or two single family residences. A property with more units is taxed differently. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2026) | $13,512 a year, about $1,126 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as water.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 90 by 135.25 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 6 kitchens. If there is a second unit, ask whether it meets the municipality's rules for one.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. The listing has a virtual tour, but photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 50 Waniska Avenue
How much is land transfer tax on 50 Waniska Avenue?
At the asking price of $2,999,900 the Ontario tax is $61,473 and the Toronto tax is $61,473, $122,946 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 50 Waniska Avenue?
$599,980 at the asking price of $2,999,900, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 50 Waniska Avenue?
The listing shows $13,512 a year for 2026, about $1,126 a month.
How do I book a showing for 50 Waniska Avenue?
Use the form on this page or call us. Quote MLS® W13624576. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 50 Waniska Avenue still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
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