573 Alness Street, Toronto W05, ON

$27,300,000
MLS#:W12550698
0 beds
0 baths
Commercial
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Description

Property Highlights

Welcome to this remarkable [] industrial located in the coveted neighborhood of York University Heights. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $27,300,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 0 Bedrooms and 0 Bathrooms
  • Premium 454.97 x 290.51 ft lot size
  • Features a [] basement, adding superb versatility for recreation, a home gym, or extra storage
  • Convenient outside/surface garage included
  • equipped with ["partial"] central cooling and highly efficient gas forced air closed heating

573 Alness offers 101,909 sf of multi-unit space on two levels. The 52,248 sf upper level was previously utilized as a customer-facing furniture showroom and is ideal for a single occupier or, it can be demised to two units. The 49,661 sf lower level was designed as a 10-unit multi-tenant layout with units of approximately 5,000 sf. Each of the lower-level units have entrances along Alness, offering excellent exposure for branding. The upper level is serviced by 6 TL doors and each of the 10 units on the lower level are serviced by 1TL door. There are two tenants in the building occupying a single and double unit on the lower level. The property is 85% vacant, including the entire upper level. This is a great building for showroom-type uses. Just minutes from an abundance of retail amenities and offering great exposure on high-traffic Alness Street, this is an excellent Occupier or Investor building. The property has some environmental contamination on site and the Vendor is in the process of conducting a risk assessment. The vendor will deliver the property as a risk assessed site, and if required, can assist the buyer with application for record of site condition.

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Key Features

Property Type
Commercial

Additional Details

StatusActive
Listed Date11/17/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeIndustrial
Lot Size454.97 × 290.51 Feet
CountyToronto
Annual Tax$194,883.76
Legal DescriptionPT LT 23 CON 3 WYS TWP OF YORK AS IN TB276443; TORONTO (N YORK), CITY OF TORONTO

Parking & Garage

Garage TypeOutside/Surface

Heating & Cooling

Heat TypeGas Forced Air Closed
Cooling["Partial"]

Features

Property Features

Community Features

Major Highway, Public Transit

Location

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573 Alness Street, Toronto W05, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 573 Alness Street, Toronto W05, ON M3J 2T8

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$21,840,000
Monthly Mortgage$126,898
Property Tax (Est.)$16,240
Utilities & Maint.$350
Total Monthly Cost$143,488

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Toronto W05.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for York University Heights, Toronto W05.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$913,616

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

St Jerome
Public111 Sharpecroft Boulevard, Toronto, Ontario, M3J 1P5
5.6
St Wilfrid
Public1685 Finch Avenue West, Toronto, Ontario, M3J 2G8
5.6
St Martha
Public1865 Sheppard Avenue West, Toronto, Ontario, M3L 1Y5
5.2
Dublin Heights
Public100 Bainbridge Avenue, Toronto, Ontario, M3H 2K2
6.5
Blessed Margherita
Public108 Spenvalley Drive, Toronto, Ontario, M3L 1Z5
6.7

Secondary Schools

James Cardinal McGuigan
Public1440 Finch Avenue West, Toronto, Ontario, M3J 3G3
5.9
William Lyon Mackenzie
Public20 Tillplain Road, Toronto, Ontario, M3H 5R2
8.7
C W Jefferys
Public340 Sentinel Road, Toronto, Ontario, M3J 1T9
2.9
Downsview
Public7 Hawksdale Road, Toronto, Ontario, M3K 1W3
3.5
Northview Heights
Public550 Finch Avenue West, Toronto, Ontario, M2R 1N6
6.7

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.