50 Waniska Avenue, Toronto, ON M8Y 1P9
Stonegate-Queensway, Toronto · Near The Queensway/Park Lawn Rd · View map
About this home
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.
The home
- Type
- Multiplex
- Style
- 3-Storey
- Square footage
- 5000 + sq ft
- Bedrooms
- 14
- Bathrooms
- 6
- Kitchens
- 6
- Rooms
- 33
- Basement
- Apartment, Separate Entrance
- Lot size
- 90 x 135.3 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Water
- Air conditioning
- Wall Unit(s)
- Fireplace
- No
Garage & parking
- Garage
- Built-In
- Garage spaces
- 6
- Driveway spaces
- 6
- Total parking
- 12
- Parking features
- Private
Taxes & other
- Property taxes
- $13,512/yr
- Tax year
- 2026
- Occupancy
- Partial
- Possession
- 30/60/TBA
- Cross street
- The Queensway/Park Lawn Rd
- Neighbourhood
- Stonegate-Queensway
More
- MLS® number
- W13624576
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The home and its surroundings
- Lake/Pond
- Park
- Public Transit
- Rec./Commun.Centre
- River/Stream
- School
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
50 Waniska Avenue, Toronto, ON M8Y 1P9
Stonegate-Queensway, Toronto · Near The Queensway/Park Lawn Rd
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Listing history for 50 Waniska Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 50 Waniska Avenue
Answers come straight from this home’s MLS® listing.
How much is 50 Waniska Avenue listed for, and what would it cost each month?
50 Waniska Avenue is listed for $2,999,900. With 20% down ($599,980), the mortgage payment would be roughly $12,101 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $13,227 a month, all in. That figure is an illustration, not a quote.
Is 50 Waniska Avenue freehold or a condo, and is there a monthly fee?
50 Waniska Avenue is a multiplex in Stonegate-Queensway, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 50 Waniska Avenue have?
50 Waniska Avenue has 14 bedrooms and 6 bathrooms. The listing gives the style as 3-storey.
Does 50 Waniska Avenue have a garage and parking?
Yes. The listing shows the garage as built-in, with room for 6 cars. The driveway adds 6 spaces. In total the listing counts 12 parking spaces.
Does 50 Waniska Avenue have a finished basement?
The listing describes the basement as apartment, separate entrance. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 50 Waniska Avenue?
50 Waniska Avenue is a multiplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 50 Waniska Avenue, and what is the lot size?
The lot is listed as 90 x 135.3 ft.
How is 50 Waniska Avenue heated and cooled?
Heating is water (gas). Cooling is wall unit(s).
What are the property taxes for 50 Waniska Avenue?
Property taxes are $13,512 a year (2026), or about $1,126 a month.
Where is 50 Waniska Avenue?
50 Waniska Avenue is in the Stonegate-Queensway community of Toronto. The nearest main intersection is The Queensway/Park Lawn Rd. The postal code is M8Y 1P9.
Is 50 Waniska Avenue still for sale?
Yes. It is an active listing (MLS® W13624576). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 50 Waniska Avenue asking?
Similar properties for sale nearby right now include 67 William Cragg Drive at $2,699,888 (11 bed), 304 Roselawn Avenue at $2,495,000 (10+2 bed) and 31 Fortieth Street at $2,199,000 (8+2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 50 Waniska Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 50 Waniska Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Stonegate-Queensway, picked by style, size and price.
Multiplex$2,699,88867 William Cragg Drive, Toronto11 bed · 7 bath · Downsview-Roding-CFBCourtesy of: EXP REALTYView home →
Triplex$2,495,000304 Roselawn Avenue, Toronto10+2 bed · 5 bath · Yonge-EglintonCourtesy of: RE/MAX REALTRON BEN AZIZI REALTY GROUPView home →
Duplex$2,199,00031 Fortieth Street, Toronto8+2 bed · 6 bath · Long BranchCourtesy of: RE/MAX PROFESSIONALS INC.View home →Courtesy of: RE/MAX PROFESSIONALS INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.