121 Fourth Street

New Toronto, Toronto, M8V 2Y6

$4,495,000

Reduced $455,000 from $4,950,000

Photo 1 of 38Photo 2 of 38Photo 3 of 38Photo 4 of 38Photo 5 of 38Photo 6 of 38Photo 7 of 38Photo 8 of 38Photo 9 of 38Photo 10 of 38Photo 11 of 38Photo 12 of 38Photo 13 of 38Photo 14 of 38Photo 15 of 38Photo 16 of 38Photo 17 of 38Photo 18 of 38Photo 19 of 38Photo 20 of 38Photo 21 of 38Photo 22 of 38Photo 23 of 38Photo 24 of 38Photo 25 of 38Photo 26 of 38Photo 27 of 38Photo 28 of 38Photo 29 of 38Photo 30 of 38Photo 31 of 38Photo 32 of 38Photo 33 of 38Photo 34 of 38Photo 35 of 38Photo 36 of 38Photo 37 of 38Photo 38 of 38
  • 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 m
    Site Plan · Under Review · applied 2026
    Site Plan application for a four-storey municipal shelter containing 51 beds.
    Application details
  • 66 X THIRD ST · 150 m
    Official Plan / Zoning By-law Amendment · OMB Appeal · applied 2025
    Proposal 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 m
    Official Plan / Zoning By-law Amendment · OMB Appeal · applied 2023
    The 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 m
    Official Plan / Zoning By-law Amendment · OMB Appeal · applied 2019
    Proposal 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 m
    Official Plan / Zoning By-law Amendment · Closed · applied 2025
    To 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 m
    Site Plan · Closed · applied 2022
    Proposal 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.

Full lot check · Run the numbers

Building permits

  • Interior Alterations · 2019 · Closed
    Proposed 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.

City rules

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.

Similar homes nearby

See more in Toronto