496-498 Horner Avenue

ActiveLiberty Village / Parkdale / South Parkdale · Alderwood47 days on marketMLS® W13471956

$2,899,000

$517 / sq ft

Bedrooms0

Bathrooms0

Interior5,604 sq ft

TypeCommercial

ListingFor Sale

Days on Market47

About this property

Exceptional 9-unit mixed-use investment opportunity in the highly desirable Alderwood community of South Etobicoke, offering a strong 4.8% net cap rate with seller VTB financing available (terms to be negotiated). A rare asset offering immediate stable income and long-term upside through flexible mixed-use commercial/residential zoning.Currently configured as a fully stabilized 9-unit residential income property, the building was extensively gutted and renovated between 2017-2018 to condo-style standards. All nine suites feature modern kitchens, updated bathrooms, upgraded flooring, and include fridge, stove, dishwasher, and microwave. Three units have private in-suite laundry, while six units share a lower-level coin-operated laundry, generating additional income.Major upgrades include mechanical systems, high-efficiency furnace, six wall-mounted A/C units, and modern finishes throughout, creating a low-maintenance turnkey investment.Prominently located on the northeast corner of Browns Line and Horner Avenue, this high-exposure corner property offers excellent visibility and access to the QEW, Hwy 427, Gardiner Expressway, and Long Branch GO Station. Minutes to Sherway Gardens, Lake Ontario waterfront, Marie Curtis Park, Farm Boy, and major retail amenities.Mixed-use zoning offers future flexibility for office, retail, professional services, live/work, or continued residential rental use, subject to approvals. Rarely offered with 11 on-site parking spaces. Current rents are at or above market, with one vacancy coming August 1st, creating immediate upside.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	W13471956
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	5,604 sq ft
Beds / Baths	0 bed · 0 bath
Neighbourhood	Alderwood
City	Liberty Village / Parkdale / South Parkdale
Postal Code	M8W 2B8
Province	ON
Listed Date	June 21, 2026
Days on Market	47
Price per Sq Ft	$517
Brokerage	ROYAL LEPAGE SIGNATURE REALTY