For Sale
531 Delaware Avenue N
Wychwood, Toronto, ON
$3,399,999
10Bd
10Ba
4,250+sqft
1Parking
22.5 x 123.8 ftlot
$800/sqft
MultiplexMLS# C12843388Listed 2026-03-0451 DOM
Cooling
Central Air
On the market for 51 days — longer than average. The seller may be open to negotiation.
About this home
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.
Rooms
Main Floor
| Primary Bedroom | 3.36 × 3.36 m | |
| Bedroom | 2.74 × 3.04 m | |
| Kitchen | 2.13 × 4.26 m | |
| Bathroom | 0.00 × 0.00 m | 4 Pc Bath |
| Bathroom | 0.00 × 0.00 m | 4 Pc Bath |
Second Floor
| Primary Bedroom | 3.36 × 3.36 m | |
| Bedroom | 2.74 × 3.04 m | |
| Kitchen | 2.13 × 4.26 m | |
| Bathroom | 0.00 × 0.00 m | 4 Pc Bath |
| Bathroom | 0.00 × 0.00 m | 4 Pc Bath |
Third Floor
| Primary Bedroom | 3.36 × 3.36 m | |
| Bedroom | 2.74 × 3.04 m | |
| Kitchen | 2.13 × 4.26 m | |
| Bathroom | 0.00 × 0.00 m | 4 Pc Bath |
| Bathroom | 0.00 × 0.00 m | 4 Pc Bath |
Basement
| Primary Bedroom | 2.74 × 2.74 m | |
| Bedroom | 2.13 × 2.43 m | |
| Kitchen | 1.52 × 3.65 m | |
| Bathroom | 0.00 × 0.00 m | 4 Pc Bath |
| Bathroom | 0.00 × 0.00 m | 4 Pc Bath |
Other
| Bathroom | 0.00 × 0.00 m | 4 Pc Bath |
| Bathroom | 0.00 × 0.00 m | 4 Pc Bath |
Features
- Carpet Free
- Apartment
- Central Air
- 3-Storey
Financials
Annual Taxes
$14,678
Estimated Rental Income
Entire property$4,500 – $7,000/mo
Rental yield1.6% – 2.5%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Toronto
Days on market51 days
Buyer's MarketSeller's Market
Based on active listings in Toronto. Data updates daily.
Demographics — Toronto
Population
2,794,356
Avg Household Income
$102,000
Age Distribution
0-19
19%
20-34
24%
35-49
21%
50-64
19%
65+
17%
Ownership53% own · 47% rent
EnglishMandarinCantoneseTagalogTamil
Our estimate for this home
Estimated range
$3.14M – $3.65M
Mid-point $3.40M · ~$800/sqft
How this listing compares
$3.14MList · $3.40M$3.65M
Low confidence·Based on 3 gta-wide comparables
Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
65
/ 100
Walk Score
Somewhat Walkable
67
/ 100
Transit Score
Good Transit
61
/ 100
Bike Score
Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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