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.
About this home
Photos of 50 Waniska Avenue
Facts and features of 50 Waniska Avenue
| Type | Multiplex |
|---|---|
| Style | 3-Storey |
| Bedrooms | 14 |
| Bathrooms | 6 |
| Size | 5000 + sq ft |
| Lot | 90 x 135.25 Feet |
| Parking | 12 |
| Garage | Built-In |
| Heating | Water |
| Cooling | Wall Unit(s) |
| Basement | Apartment, Separate Entrance |
| Exterior | Brick |
| Taxes | $13,512 (2026) |
| Days on market | 90 |
| Listing brokerage | RE/MAX PROFESSIONALS INC. |
Around this home
What’s near 50 Waniska Avenue
From 50 Waniska Avenue, the nearest TDSB elementary school is Étienne Brûlé Junior School, about 350 m away.
Schools
- Étienne Brûlé Junior School TDSB elementary · JK-5 EQAO 2024-25: Gr 3 reading 87% about 350 m
- Park Lawn Junior and Middle School TDSB elementary · JK-8 EQAO 2024-25: Gr 6 reading 99% · Gr 6 math 62% about 900 m
- Karen Kain School of the Arts TDSB middle school · 6-8 EQAO 2024-25: Gr 6 reading 89% · Gr 6 math 50% about 1.1 km
- St Mark Catholic School Catholic elementary · JK-8 EQAO 2024-25: Gr 6 reading 74% · Gr 6 math 47% about 250 m
- Etobicoke School of the Arts TDSB secondary · 9-12 EQAO 2024-25: Gr 9 math 68% · Gr 10 literacy 92% about 1.3 km
- Bishop Allen Academy Catholic Secondary School Catholic secondary · 9-12 EQAO 2024-25: Gr 9 math 81% · Gr 10 literacy 94% about 1.5 km
Nearest schools, not necessarily the ones that serve this address. Check with the TDSB and TCDSB school locators.
Places: OpenStreetMap contributors, October 2026. Straight-line distances. Schools: EQAO 2024-25, Ontario Ministry of Education.
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50 Waniska Avenue
Listing information is deemed reliable but is not guaranteed accurate by PropTx or the Toronto Regional Real Estate Board. Data source: PropTx. Listings are refreshed from the MLS® at least daily.
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.
Royal LePage Terrequity Seymour Real Estate, Brokerage. Independently owned and operated.
MLS® W13624576 Data source: PropTx Listed July 31, 2026
