50 Waniska Avenue, Toronto, ON M8Y 1P9
- Property tax
- $13,512 / year
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 & 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.
- MLS number
- W13624576
- Type
- Multiplex
- Status
- Active
- Bedrooms
- 14
- Bathrooms
- 6
- Postal code
- M8Y 1P9
- Photos
- 50
This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Multiplex
- Style
- 3-Storey
- Class
- Residential Freehold
- Fronting on
- North
- Community
- Stonegate-Queensway
- Municipality
- Toronto W07
- Cross street
- The Queensway/Park Lawn Road
Inside
- Bedrooms
- 14
- Bedrooms above grade
- 14
- Bathrooms
- 6
- Washrooms
- 2 on the ground floor · 2 on the main floor · 2 on the second floor
- Kitchens
- 6
- Rooms above grade
- 33
- Basement
- Apartment, Separate Entrance
- Size
- 5000 +
Building
- Construction
- Brick
- Roof
- Membrane
- Foundation
- Concrete Block
Parking
- Garage
- Built-In
- Covered spaces
- 6
- Driveway spaces
- 6
- Total parking
- 12
- Features
- Private
Land
- Lot
- 90 × 135.25 feet
- Pool
- None
Heating, cooling and services
- Heating
- Water
- Heat source
- Gas
- Cooling
- Wall Unit(s)
- Water
- Municipal
- Sewer
- Sewer
Features
- Property
- Lake/Pond, Park, Public Transit, Rec./Commun.Centre, River/Stream, School
- Interior
- Other
Listing
- MLS number
- W13624576
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-07-30
- Expires
- 2026-11-30
- Taxes
- $13,512 (2026)
- Board
- Toronto Regional Real Estate Board
Listing history
No previous listings found for this address.
Where this home is
Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.
Matched to a published address point for this address.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
School boundaries this address is inside
Where these boundaries come from, and what they are worth
A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.
Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.
Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.
Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| St Mark Catholic School Toronto CDSB | Elementary | 259 m | / 10 59% met the standard |
| Park Lawn Junior and Middle School Toronto DSB | Elementary | 895 m | / 10 71% met the standard |
| Karen Kain School of the Arts Toronto DSB | Elementary | 1.1 km | / 10 76% met the standard · 3 of 6 measures |
| David Hornell Junior School Toronto DSB | Elementary | 1.5 km | / 10 68% met the standard · 3 of 6 measures |
| Swansea Junior and Senior Junior and Senior Public School Toronto DSB | Elementary | 1.4 km | / 10 78% met the standard |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 417 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35203128 — the few blocks around this address, home to 417 people. It describes the area, not this property.
Percentages are of the 235 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.
What’s being built nearby
Planning applications within 500 m — 3 still in progress.
Draft Plan of Standard Condominium application to permit the 10-storey residential building (Building B), containing 234 residential units.
City planning file →To permit three mid-rise residential buildings (one 7-storey, one 6 to 8-storeys, and one 10-storey building), the continuation of the new private road and publicly accessible open space.…
City planning file →Draft Plan of Standard Condominium application to permit the 10-storey residential building (Building C), containing 134 residential units.
City planning file →To construct a two-storey addition above the existing four-storey residential apartment building in order to increase the number of residential units from 25 to 39 units.
City planning file →Draft Plan of Standard Condominium application to permit the 7-storey residential building (Building A), containing 96 residential units with below-grade parking.
City planning file →To construct a two-storey commercial building containing a grocery store, multiple retail units and health centre.
Proposed amendments to former City of Etobicoke Zoning Code and City of Toronto Zoning By-law 569-2013 to permit a mixed use development.…
What these are
These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.
Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.
Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.