Just Listed
Address
85 Walmer Road, Toronto, ON
Price
$ 2,199,000
Property Attributes
  • MLS#C13817514
  • TypeMulti-Family
  • Listing Status New
  • CityToronto
  • AreaAnnex
  • NeighbourhoodAnnex
  • Postal CodeM5R 2X6
  • Style2 1/2 Storey
  • Taxes$ 12555
  • Price$ 2,199,000
  • Bedrooms8
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage3500-5000
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

A five-unit Annex Semi Detached property with the kind of envelope and location that is not being built at today's replacement cost. Legal four-plex above grade plus a legal non-conforming lower suite across 5,225+ sq.ft. on Walmer Road, one of the most tenured income streets in central Toronto. In-place rents sit well below current Annex benchmarks. Income reflects long-tenured tenancies rather than today's market. The unit mix is differentiated - not five interchangeable bachelors. Unit 2 on the main floor is a 1,396 sq.ft. parlour-floor residence with a 21-foot living room, fireplace, oversized kitchen, and a 17-foot principal bedroom. Unit 5 on the third floor (1,171 sq.ft.) is configured with two kitchens, two four-piece baths, two primary bedrooms, an office, and a dining room - lives as one generous suite today. Unit 4 (758 sq.ft.) has a four-piece ensuite, walk-in closet, and living space. Unit 3 (710 sq.ft.) is a full one-bedroom with fireplace, kitchen, and dining. Unit 1 in the lower level (1,191 sq.ft., legal non-conforming) reads as a proper apartment: one-bedroom plus 15-foot den, full kitchen, three-piece bath, and private utility room. Three distinct buyer paths converge here. For the investor, five legal income streams on a single folio, a demand floor set by U of T, downtown professionals, and the Dupont / Spadina subway corridor. For the owner-investor - Multiple units are suitable and are amongst the most substantial owner's suites found inside a purpose-built Annex income property; live in it and let the other four units carry the debt while optionality is preserved. For the long-view buyer planning a single-family reversion - 5,225+ sq. ft. of interior envelope is a credible footprint for a top-of-market Annex restoration, and the existing plumbing stacks, kitchens, and floor plates make either path possible without starting from zero. Walking distance to Bloor Street, Casa Loma, the University of Toronto, and the Spadina subway line.

Price History
9/23/2026 Listed $2,199,000

General Features

Sewer Sewer
Cooling None
Roof Asphalt Shingle
Architectural Style 2 1/2 Storey
Pool Features None
Construction Materials Brick
Heater Type Radiant
Parking Spaces 2
Property Subtype Fourplex
Tax Year 2026
Lot Depth 127.67
County Toronto
New Construction No
Property Type Residential Freehold
Attached Garage No
Facing Direction East
Garage Y/N Yes
Status New
City Toronto C02
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 12555.56
Standard Status Active
Occupancy Type Tenant
Legal Description PT LT 151-152 PL 698 CITY WEST AS IN CA511217 S/T & T/W CA511217; CITY OF TORONTO212270122

Interior Features

Interior Amenities Other
Basement Apartment
Heat Source Gas
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 8
Elevator? No
Total Baths 6
Bedrooms 8
Living Area Range 3500-5000

Exterior Features

Parking Features Mutual
Total Parking 5.0
Garage Type Detached
Foundation Details Stone
Spa No
Waterfront Y/N No
Covered Spaces 3.0

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in M5R 2X6

Price
AVG $2.26M
$2.2M
Taxes
AVG $12,555
$12,555