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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.
Depth:
115'4½"
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 W06
Alderwood
Toronto
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:
$2,499,900
  • Photo 1: 521 Brown's Line in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W12160338
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Listed by HARVEY KALLES REAL ESTATE LTD.
Data was last updated July 4, 2025 at 06:15 AM (UTC)
DAVID HARLAND
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.