121 Fourth Street
New Toronto, Toronto, M8V 2Y6
$4,495,000
Reduced $455,000 from $4,950,000
- 8+4 bedrooms
- 10 bathrooms
- 6 parking
- 5000 + sq ft
Listed 377 days ago · MLS® W12450015
About this home
Exceptional 10-unit investment property in South Etobicoke. Completely renovated in 2018, featuring new wiring, plumbing, and modern kitchens with quartz counters and stainless steel appliances. Each unit includes in-suite laundry and A/C. The basement's height is 7.6 feet, and a security system with 6 cameras provides peace of mind. A 2020 roof and 6 parking spaces complete this impressive offering. The total square footage, as per floor plans, measures an impressive 6,648 square feet. The property's location adds to its appeal, with its proximity to the waterfront, walking/cycling trails, schools, Humber College's Lakeshore Campus, and public transit (including GO Train access). The existing mortgage is available for takeover at a rate of 3.30% with a maturity date at the end of 2028.
Details
- Type
- Multiplex
- Style
- 3-Storey
- Size
- 5000 + sq ft
- Lot
- 50 × 118 ft
- Basement
- Apartment
- Garage
- None
- Kitchens
- 10
- Property tax
- $17,054 (2024)
- Neighbourhood
- New Toronto
- Municipality
- Toronto W06
Interior
- Bedrooms
- 8 above ground + 4 below
- Bathrooms
- 3 × 4-piece (third), 3 × 4-piece (second), 4 × 4-piece (lower)
- Kitchens
- 10 (4 below ground)
- Rooms
- 16 above ground + 8 below
- Family room or den
- No
- Fireplace
- No
- Features
- Intercom, Separate Hydro Meter, Water Heater Owned
Heating, cooling and services
- Heating
- Water, Gas
- Air conditioning
- Wall Unit(s)
- Water and sewer
- Sewer
Building and exterior
- Style
- 3-Storey
- Exterior
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
- Faces
- West
- Outdoor
- Garden Shed
Parking
- Total parking
- 6
- Driveway and parking
- Private
Lot
- Size
- 50 × 118 ft
More
- Possession
- TBD
- Nearby
- Lake Access, Park, Public Transit
- Cross street
- Lakeshore And Islington
History of this address
3 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Very walkable
- 🚆 Mimico GO1.7 km
Within a 10-minute walk: 3 grocery stores, 21 cafés and restaurants, 10 parks, 2 pharmacies. Nearest grocery: Lakeshore Village Fruit (100 m). Nearest park: Sand Beach Road Parkette (450 m).
Schools nearby
Elementary
- Second Street Junior Middle School
EQAO: Gr 6 reading 88%, math 38%4 min walk - Seventh Street Junior School
EQAO: Gr 3 reading 74%, math 63%5 min walk - St. Josaphat Catholic School Catholic10 min walk
- John English Junior Middle School
EQAO: Gr 6 reading 84%, math 60%1.2 km
Secondary
- Mimico Adult Centre1.3 km
- Lakeshore Collegiate Institute
EQAO: Gr 9 math 42%, literacy test 75%1.4 km - Father John Redmond Catholic Secondary School Catholic
EQAO: Gr 9 math 75%, literacy test 94%1.4 km
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area M8V
- Owners / renters
- 49% / 51%
- Median household income
- $79,000
- Average age
- 42
- Children under 15
- 11%
- Homes
- 15% detached, 57% high-rise
- Commute by transit
- 21%
- Population
- 44,144
Languages spoken most at home besides English: Spanish 1.9%, Polish 1.9%, Russian 1.7%, Tibetan 1.4%.
Flood and conservation No mapped hazard
Not inside a mapped flood plain or regulated area.
Screening maps only. Ask the conservation authority for a property inquiry before relying on this.
Safety
Major crime per resident in New Toronto (2025): about the Toronto average, down 24% from the year before.
- Assaultabout average
- Break and enterabout average
- Auto theft35% below average
- Robberyabout average
- Theft from vehiclesabout average
- Shootings88% above average
Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).
Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.
Development nearby 4 active
-
66 X THIRD ST · 150 mSite Plan · Under Review · applied 2026Site Plan application for a four-storey municipal shelter containing 51 beds.Application details
-
66 X THIRD ST · 150 mOfficial Plan / Zoning By-law Amendment · OMB Appeal · applied 2025Proposal to amend the Zoning By-law to allow for a new 4-storey municipal shelter with approximately 50 beds.Application details
-
210 ISLINGTON AVE · 400 mOfficial Plan / Zoning By-law Amendment · OMB Appeal · applied 2023The proposed development consists of a 26-storey mixed use building, containing 352 dwelling units with retail uses at-grade. The proposed net density is 8.83…Application details
-
2950 LAKE SHORE BLVD W · 350 mOfficial Plan / Zoning By-law Amendment · OMB Appeal · applied 2019Proposal for a 9-storey (28.7 m in height including mechanical penthouse) mixed use building containing 95 residential units and 485 sq. m of commercial gross…Application details
-
2688 LAKE SHORE BLVD W · 500 mOfficial Plan / Zoning By-law Amendment · Closed · applied 2025To permit a 12-storey residential building containing 172 dwelling units, including four live/work units on the ground floor, with 102 vehicular parking spaces…Application details
-
150 EIGHTH ST · 450 mSite Plan · Closed · applied 2022Proposal for redevelopment of the subject property with a 6-storey apartment building with 58 dwelling units within a pre-fabricated structure.Application details
Rezoning, site plan, subdivision and condominium applications filed with the city.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.
Living here
Commute
To Union Station (downtown Toronto): 11 km. Transit times · Driving times
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
What can be built RD
Residential Detached.
- ✅ Up to 4 homes on the lot (multiplex)
- ✅ Garden suite in the backyard
- ✅ Laneway suite, if the lot backs onto a lane
From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.
Building permits
- Interior Alterations · 2019 · ClosedProposed interior alterations to create an additional suite in the basement of an existing multiple dwelling building.
6 permits on this block of the street in the last 2 years, including 1 new home.
Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.
Trees
60 City street trees within 100 m. That’s more than the Toronto average of 42.
Trees on City boulevards only, not private yards or parks.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Short-term rentals
Only in your principal residence (where you live). The entire home can be rented up to 180 nights a year; renting up to 3 bedrooms while you live there has no limit. Hosts register with the City and collect the 6% accommodation tax.
Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by RIGHT AT HOME REALTY.
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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