$3,195,000
FOR SALE

Multiplex 3-Storey

Bedrooms: 10Bathrooms: 10Lot: 22.5 x 123.8 ft
2025 Taxes: $14,678

531 Delaware Ave N
Toronto, ON M6H 2V3 | Wychwood

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.
Extras
Carpet Free
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Listed By Royal Lepage Real Estate Associates
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C12843388
Last Updated May 20, 2026
Property Summary
Property Type Multiplex

More like this:
PIN 212850169
Legal Description Pcl 91-1-0 Sec M24; Pt Lt 91 E/S Delaware Av Pl M2
Taxes (2025) $14,678
Directions/Cross Streets Dovercourt Rd / Dupont St
Neighbourhood Wychwood
Area Toronto
Price History

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Detailed Information
Fronting On East
Special Designations Unknown
Bedrooms 10
Bathrooms 10
Lot 22.5 x 123.8 ft
Exterior Stucco (Plaster)
Air Conditioning Central Air
Basement Apartment
Garage Type None
Parking Spaces 1
Heat Source Gas
Heat Type Forced Air
Sewers Sewer
Seller Property Info Statement Y

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