$3,195,000
531 Delaware Avenue N, Toronto C02, ON M6H 2V3
10 Beds
10 Baths
1 Parking
Prime downtown Toronto investment opportunity. This well-maintained 6-plex features four spacious two-bedroom, two-bathroom units with in suite laundry and smart layouts that attract reliable tenants. A versatile laneway house adds bonus income potential for a total of 6 legal units. Built in 2022, this property is NOT subject to rent control. All units are occupied by professional AAA tenants, delivering a true set-it-and-forget-it stabilized asset with strong, predictable cash flow. Annual revenue of $179,400 with an impressive 5%+ cap rate. A rare opportunity in one of the city's most desirable urban cores. Do not let it pass you by.

Property Summary

Property Type Residential Freehold
Property Sub Type Multiplex
Transaction Type For Sale
Style 3-Storey
Bedrooms Above Grade 10
Kitchens 6
Basement Apartment
Exposure East

Building

Building Type Multiplex
Square Footage 3500-5000
Exterior Stucco (Plaster)
Foundation Concrete
Roof Flat
Heating Forced Air
Heat Source Gas
Cooling Central Air
Fireplace No

Measurements

Lot Size 22.5 x 123.8
Lot Size Units Feet
Frontage 22.5
Depth 123.8
Total Living Area 3500-5000

Land

Address 531 Delaware Avenue N, Toronto C02, ON M6H 2V3
City Toronto C02
Community Wychwood
County / Area Toronto
Cross Street Dovercourt Rd / Dupont St
Sewer Sewer
Pool None
Parcel Number 212850169

Parking and Garage

Total Parking 1
Garage Spaces 0
Garage Type None

Taxes and Listing Info

List Price $3,195,000
Annual Taxes $14,678
Tax Year 2025
Status Active
Listing Date 2026-03-04T14:52:45Z
Updated 2026-06-02T21:36:55Z
MLS Number C12843388
Local Market Insight

What Buyers Should Know About 531 Delaware Avenue N, Toronto C02, ON M6H 2V3

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

531 Delaware Avenue N, Toronto C02, ON M6H 2V3 is positioned in Wychwood, a part of Toronto C02 where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a 3-Storey, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Multiplex should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to Dovercourt Rd / Dupont St, public transit options, parking availability, and drive times to employment areas. A property with 1 parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $3,195,000, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows 10 bedrooms, 10 bathrooms, basement details marked as Apartment, and a lot size of 22.5 x 123.8, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Toronto C02, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around Wychwood. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 531 Delaware Avenue N, Toronto C02, ON M6H 2V3, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.