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521 Brown's Line
Alderwood Toronto M8W 3V1

$2,499,900 /For Sale
Commercial

Main Photo: 521 Brown's Line in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W12160338
Photo 1: 521 Brown's Line in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W12160338
Photo 2: 521 Brown's Line in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W12160338
Photo 3: 521 Brown's Line in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W12160338
Photo 4: 521 Brown's Line in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W12160338
Photo 5: 521 Brown's Line in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W12160338
Photo 6: 521 Brown's Line in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W12160338
Photo 7: 521 Brown's Line in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W12160338
Photo 8: 521 Brown's Line in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W12160338
Photo 9: 521 Brown's Line in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W12160338
Photo 10: 521 Brown's Line in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W12160338
Photo 11: 521 Brown's Line in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W12160338
Photo 12: 521 Brown's Line in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W12160338
Photo 13: 521 Brown's Line in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W12160338
Photo 14: 521 Brown's Line in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W12160338
Status:
Active
Prop. Type:
Commercial
MLS® Num:
W12160338
Bus Major:
Apts - 6 To 12 Units
Fully Renovated Six units. 5% CAP RATE! Assumable mortgage of $1,745,000 at 4.25% (to 2032).CMHC-Insured Mortgage. South Etobicoke Gem. 5.5% return on cash! All units renovated to New Condo Standard! Exceptional turnkey 6-unit building fully gutted and renovated in 2021/2022 to condo standards. Each unit features new kitchens, soft close cabinet doors, new bathrooms, new flooring, and includes 6 new appliances (fridge, stove, dishwasher, microwave, washer, and dryer). Upgraded mechanicals, new high-efficiency furnace, 6 new (wall mounted) AC systems, and modern finishes throughout make this a rare hands-off investment. Strong rental income with a current 5% cap rate. Private drive with parking for 5 cars. Outstanding investor advantage with an assumable CMHC-insured mortgage of $1,745,000 at 4.25%fixed until December 2032, providing below-market financing and excellent cash flow stability. Located in desirable South Etobicoke, close to transit, major highways, and amenities. A rare opportunity to own a fully stabilized, low-maintenance asset with built-in financing in a high-demand rental market. All rents are market or above (one unit vacant for showings).
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
2400 sq. ft. Square Feet
Total Area:
2,400 sq. ft.
Lot Depth:
115'4½"
Lot Frontage:
40'1"
Lot Shape:
Rectangular
Water supply:
Municipal
Zoning:
RM9u3*18)
Heating type:
Other
Garage:
Double Detached
Possession Details:
Imm/TBA
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$5,265 / 2024
Assessment:
$- / -
Toronto
Toronto W06
Alderwood
Public Transit
Hot Water Tanks
6 fridges, 6 stoves, 6 dishwashers, 6 dryers, 6 washers, 6 microwaves, 6 wall mounted central AC
all personal property of the tenants
Utilities:
Available
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Gross income:
$141,535
Expenses Actual/Estimated:
Estimated
Heating Expenses:
$444
Insurance Expenses:
$5,250
Tax Expenses:
$5,265
Operating Expenses:
$15,233
Water Expenses:
$1,264
Year Expenses:
2024
Maintenace Expenses:
$3,000
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
May 20, 2025
Original Price:
Previous Price:
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Listed by HARVEY KALLES REAL ESTATE LTD.
Data was last updated October 18, 2025 at 04:15 AM (UTC)
Markian Silecky
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