$3,390,000Asking Price
50 Waniska Avenue, Toronto, ON M8Y 1P9
Humber Bay, Toronto
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. $220,000 representing an attractive projected Cap Rate of 6.6%. 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 & practical layout, featuring large Foyer with double guest closet & linen closet, family-sized eat-in Kitchen with Breakfast Area, spacious Living Rm, separate Dining Rm, updated 4-pc Bathroom with towel warmer, generously sized Bedrooms, some with 2 double closets & oversized windows providing abundant natural light. Ideally situated on 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.
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. $220,000 representing an attractive projected Cap Rate of 6.6%. 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 & practical layout, featuring large Foyer with double guest closet & linen closet, family-sized eat-in Kitchen with Breakfast Area, spacious Living Rm, separate Dining Rm, updated 4-pc Bathroom with towel warmer, generously sized Bedrooms, some with 2 double closets & oversized windows providing abundant natural light. Ideally situated on 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.
See MoreKey Info
- 3-Storey Multiplex
- 4+ Parking
- Built-In Garage
- The Queensway/Park Lawn Road
- 5000 + Approximate Sq Feet
- No Ensuite Laundry
- Water Gas Heating
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $13,512 in 2026
- Possession: Immediate/TBA
Details
- Brick Exterior
- No Fireplace
- 6 Kitchens
- MLS #W13624576
- RE/MAX PROFESSIONALS INC.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 2 4-Piece Bathrooms on Ground Floor | |||
| 2 4-Piece Bathrooms on Main Floor | |||
| 2 4-Piece Bathrooms | |||
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Who lives here?
Humber Bay, Toronto is a west Toronto neighbourhood notable for its university grads, executives, business, science and education, law & public sector professionals and tradespeople. Residents with a significant number of adults aged 25 to 44 and seniors aged 65 to 69.
Families
Kids Per Family
0.6
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
49%
of residents are
single and loving it.
49% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
41%
of residents
are renters.
41% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
54%
of residents are
university grads.
54% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$120K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Business | 14% |
| Management | 14% |
| Sales | 13% |
| Government | 9% |
| Sciences | 7% |
Immigrants
43%
of residents were
born outside of Canada.
43% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
2.8% from India
All-time
Birthplace - Recent
1.2% from India
Recent
Foreign Languages
Foreign Languages
| Spanish | 4% |
| Polish | 4% |
| Ukrainian | 3% |
| Portuguese | 3% |
| Russian | 2% |
Religions
Religions
| Christian | 67% |
| Muslim | 6% |
| Jewish | 1% |
| Hindu | 1% |
Social Housing
Social Housing Buildings
0
Social housing buildings
in the neighbourhood.
Shelters
Shelters
0
Homeless shelters in
the neighbourhood.
