50 Waniska Ave
Stonegate-Queensway, Toronto, Ontario M8Y 1P9
- Bedrooms
- 14
- Bathrooms
- 6
- Size
- 5,000 +sq ft
- Lot
- 90 x 135.25 ft
- Tax a year
- $13,5122026 tax year
- Parking
- 126 built-in
- Days on market
- Members
The brief
About 50 Waniska Ave
50 Waniska Ave is a 14-bedroom, 6-bathroom multiplex in Stonegate-Queensway, Toronto, listed for sale at an asking price of $2,999,900 (MLS® W13624576).
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.
Insights
Condition Score
Good73/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $13,512 / 2026
- MLS® number
- W13624576
- Board
- TRREB MLS®
- Property Type
- Multiplex
- Days on market
- Size
- 5000 + sqft
- Lot Size
- 90 x 135.25 ft
- Listed on
- Parking
- 6 Built-In, 12 Parking
Property details
Property
- Property Type
- Multiplex
- Style
- 3-Storey
- Community
- Stonegate-Queensway
- Municipality
- Toronto
Building
- Size
- 5000 + sqft
- Construction
- Brick
Inside
- Bedrooms
- 14
- Bathrooms
- 6
- Bathroom Details
- 2 × 4pc Ground, 2 × 4pc Main, 2 × 4pc 2nd
- Basement Type
- Apartment
- Kitchens
- 6
Parking
- Driveway
- Private
- Garage Type
- Built-In
- Garage
- 6
- Additional Parking
- 6
- Total Parking
- 12
Utilities
- Water
- Municipal
- Cooling
- Wall Unit
- Heating Type
- Water
Land
- Sewer
- Sewers
- Frontage
- 90 ft
- Depth
- 135.25 ft
- Lot Size
- 90 x 135.25 ft
Additional
- Foundation
- Concrete Block
- Roof
- Membrane
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- All existing window coverings, 6 Fridges, 6 Stoves, 2 Microwaves, 5 Dishwashers, 6 Towel Warmers, 6 Wall Air Conditioning Units, 1 coin operated Washer, 1 coin operated Dryer, 5 Storage Lockers.
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 50 Waniska Ave, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $2,999,900 | N/A | Pc | W13624576 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $599,980
- Total mortgage amount
- $2,399,920
- Total interest payment
- $1,706,180
- Total purchase cost
- $4,706,080
- Mortgage payment
- $13,687/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
—Monthly carrying cost
$14,813- Rent $0
- Shortfall $14,813
Rental income starts at $0: enter the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $61,473
- Toronto municipal land transfer tax
- $61,473
- Total land transfer tax
- $122,946
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $114,471
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $2,000,000
- $32,000
- 2.5% from $2,000,000 to $2,999,900
- $24,998
- Ontario total
- $61,473
Toronto’s municipal tax uses the same brackets at this price, so it adds another $61,473.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 12,173 sq ft1,131 m²
- Street frontage
- 90 ft27.4 m
- Depth
- 135.25 ft41.2 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by MPAC.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
RM (x21)By-law
569-2013Municipality
Toronto1 x21
Site-specific exception 21: this site has rules of its own, written in the by-law.
2 Where this is written
Chapter 10, section 10.80 of By-law 569-2013 · Exception 900.6.10(21)
3 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
1 building permit cleared at this address in the City’s file.
Other(BA)Closed - Dormant
Fire alarm/emergency lights retrofit-apt
Issued September 1, 1995
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 5 open development applications within 800 m of this home.
247 PARK LAWN RDSite planUnder Review
Proposed rear addition to an exisiting place of worship.
350 m away155 BERRY RDCondominiumUnder Review
Draft Plan of Standard Condominium application to permit the 10-storey residential building (Building B), containing 234 residential units.
520 m away144 BERRY RDCondominiumUnder Review
Draft Plan of Standard Condominium application to permit the 10-storey residential building (Building B), containing 234 residential units.
540 m away125 THE QUEENSWAYOfficial plan or zoning amendmentOMB Appeal
The re-designation of the Subject Lands will enable the proposed mixed-use development consisting of seven buildings ranging in height from 12-storeys to 50-storeys.
570 m away15 NEIGHBOURHOOD LANECondominiumUnder Review
Draft Plan of Standard Condominium application to permit the 10-storey residential building (Building B), containing 234 residential units.
600 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Jane Station | TTC subway: Line 2 Bloor-Danforth | 1.9 km |
| Old Mill Station | TTC subway: Line 2 Bloor-Danforth | 2 km |
| Mimico GO | GO Transit train: Lakeshore West | 2 km |
| Runnymede Station | TTC subway: Line 2 Bloor-Danforth | 2.3 km |
| Royal York Station | TTC subway: Line 2 Bloor-Danforth | 2.6 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St Mark Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 250 m | 61%Grade 6 average |
| Étienne Brûlé Junior SchoolToronto DSB | Public · grades JK–5 | 350 m | 79%Grade 3 average |
| Park Lawn Junior and Middle SchoolToronto DSB | Public · grades JK–8 | 900 m | 85%Grade 6 average |
| ÉÉC Sainte-Marguerite-d'YouvilleConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 1.5 km | 87%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Etobicoke School of the ArtsToronto DSB | Public · grades 9–12 | 1.3 km | 68%Grade 9 math |
| Bishop Allen Academy Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 · French Immersion | 1.5 km | 81%Grade 9 math |
| The Student SchoolToronto DSB | Public · grades 9–12 | 2.8 km | — |
| ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 4.3 km | 69%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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