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.
Address
85 Walmer Road
List Price
$2,324,900
MLS® Status
New
Expiration Date
2026-10-09
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
2 1/2 Storey
Transaction Type
Sale
Area
Toronto C02
Sub-Area
Annex
Region
Toronto
Bedrooms
8
Bedrooms (Total)
8
Rooms Above Grade
17
Bathrooms
6
Floor Area
3500-5000 Sq. Ft.
Lot Depth
127.67
Lot Size Units
Feet
Lot Width
29.83
Occupant Type
Tenant
Cross Street
Bloor and Spadina
Approx. Age
100+ Years
MLS® Number
C13021728
Listing Brokerage
BOSLEY REAL ESTATE LTD.
Basement Area
Apartment
Postal Code
M5R 2X6
Posession Details
Immediate
Parking
Mutual
Parking Places (Total)
5
Parking Spaces
2
Tax Amount
$12,555.56
Tax Year
2026
Interior Features
Other
Central Vacuum
No
Family Room
No
Hydro
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Radiant
Cooling Features
None
Construction Materials
Brick
Direction Faces
East
Fireplace
No
Foundation Details
Stone
Garage
Yes
Garage Type
Detached
Covered Spaces
3
Kitchens Total
6
Kitchens Above Grade
6
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 151-152 PL 698 CITY WEST AS IN CA511217 S/T & T/W CA511217; CITY OF TORONTO212270122
Waterfront
No
Sewer
Sewer
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