MLS® listing
15 Burrard Road: fourplex for sale
$2,499,000
From the listing brokerage
A Rare Turnkey Investment Opportunity! Welcome to 15 Burrard Road, a brand new, purpose-built and fully permitted fourplex completed in 2025, offering four separately self-contained residences and exceptional income generating potential in Toronto. Currently generating $6,000/month in rental income with both lower level suites vacant, the property offers the potential to generate approximately $9,700-$10,000/month when fully tenanted. Thoughtfully designed for independent living, each residence features its own private entrance, separate hydro and heating controls, providing functionality and convenience for both ownership and tenancy. The main floor residence, currently rented for $3,000/month, offers 2 bedrooms and 2 bathrooms, including a primary ensuite, a spacious open-concept kitchen and living area, and generous storage. The second floor residence, also rented for $3,000/month, features 2 bedrooms plus a den, 2 bathrooms including a primary ensuite, and an expansive open-concept kitchen and living space. The finished lower level contains two additional self-contained 1-bedroom, 1-bathroom suites, both currently vacant, offering flexibility for new tenancy or potential owner occupation. Each lower suite has an estimated rental potential of approximately $1,850-$2,000/month. Outside, a four-car private driveway provides ample parking for residents. Ideally positioned near Hwy 401, the property offers convenient access to transit, shopping, schools, parks, recreation and everyday amenities. Whether expanding an existing portfolio or entering the multi-residential market, don't miss this rare opportunity to acquire a brand-new 2025-built fourplex with significant income-generating potential. Power of Sale.
Facts on the listing
| Square feet | 2000-2500 |
|---|---|
| Approximate age | 0-5 |
| Style | 2-Storey |
| Basement | Separate Entrance, Finished, Apartment |
| Lot width | 44.56 |
| Lot depth | 114.14 |
| Lot measured in | Feet |
| Faces | East |
| Parking spaces | 4 |
| Garage | None |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 4 |
| Property tax | $6,022 |
| Tax year | 2025 |
| Interior features | Carpet Free, ERV/HRV, Separate Heating Controls, Separate Hydro Meter, On Demand Water Heater, Sump Pump |
Listing courtesy of GET SOLD REALTY INC.. MLS® W13820156.
About this fourplex
15 Burrard Road is a 6 bedroom fourplex in TRREB's Elms-Old Rexdale community in Toronto, listed for sale at $2,499,000. The listing shows 6 bathrooms and 2000-2500 square feet. The style is given as 2-storey. The lot is listed as 44.56 by 114.14 feet. The listing gives the basement as separate entrance, finished, apartment. It comes with 4 parking spaces according to the listing. The nearest main intersection given is Hwy 401 / Islington Ave. The age is listed as 0-5 years.
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 15 Burrard Road
At the asking price of $2,499,000, 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 | $2,499,000 |
|---|---|
| Ontario land transfer tax | $48,950 |
| Toronto municipal land transfer tax | $48,950 |
| Both taxes | $97,900 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $499,800 |
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 (2025) | $6,022 a year, about $502 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 forced air.
- 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, 44.56 by 114.14 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 4 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. 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 15 Burrard Road
How much is land transfer tax on 15 Burrard Road?
At the asking price of $2,499,000 the Ontario tax is $48,950 and the Toronto tax is $48,950, $97,900 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 15 Burrard Road?
$499,800 at the asking price of $2,499,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 15 Burrard Road?
The listing shows $6,022 a year for 2025, about $502 a month.
How do I book a showing for 15 Burrard Road?
Use the form on this page or call us. Quote MLS® W13820156. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 15 Burrard Road 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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