85 Walmer Rd is an 8-bedroom, 6-bathroom fourplex in Toronto, listed for $2,199,000. It has 3500-5000 sq ft of living space.
1Unit 2 on the main floor is a 1,396 sq.ft. parlour-floor residence with a 21-foot living room, fireplace, oversized kitchen, and a 17-foot principal bedroom.
2Unit 4 (758 sq.ft.) has a four-piece ensuite, walk-in closet, and living space.
3Unit 3 (710 sq.ft.) is a full one-bedroom with fireplace, kitchen, and dining.
A five-unit Annex Semi Detached property with the kind of envelope and location that is not being built at today's replacement cost. Legal four-plex above grade plus a legal non-conforming lower suite across 5,225+ sq.ft. on Walmer Road, one of the most tenured income streets in central Toronto. In-place rents sit well below current Annex benchmarks. Income reflects long-tenured tenancies rather than today's market. The unit mix is differentiated - not five interchangeable bachelors. Unit 2 on the main floor is a 1,396 sq.ft. parlour-floor residence with a 21-foot living room, fireplace, oversized kitchen, and a 17-foot principal bedroom. Unit 5 on the third floor (1,171 sq.ft.) is configured with two kitchens, two four-piece baths, two primary bedrooms, an office, and a dining room - lives as one generous suite today. Unit 4 (758 sq.ft.) has a four-piece ensuite, walk-in closet, and living space. Unit 3 (710 sq.ft.) is a full one-bedroom with fireplace, kitchen, and dining. Unit 1 in the lower level (1,191 sq.ft., legal non-conforming) reads as a proper apartment: one-bedroom plus 15-foot den, full kitchen, three-piece bath, and private utility room. Three distinct buyer paths converge here. For the investor, five legal income streams on a single folio, a demand floor set by U of T, downtown professionals, and the Dupont / Spadina subway corridor. For the owner-investor - Multiple units are suitable and are amongst the most substantial owner's suites found inside a purpose-built Annex income property; live in it and let the other four units carry the debt while optionality is preserved. For the long-view buyer planning a single-family reversion - 5,225+ sq. ft. of interior envelope is a credible footprint for a top-of-market Annex restoration, and the existing plumbing stacks, kitchens, and floor plates make either path possible without starting from zero. Walking distance to Bloor Street, Casa Loma, the University of Toronto, and the Spadina subway line.
8 bedrooms, 6 bathrooms, about 3,500 sq ft, works out to roughly $628 per square foot. Chat with Zara if you'd like a deeper read on whether this fourplex fits your budget and timing.
Inside 85 Walmer Rd
Every detail from the listing, in one place.
Type
Fourplex
Style
2 1/2 Storey
Living space
3500-5000 sq ftas stated on the listing
Parking
5 spacesYes garage
Basement
Apartment
Features & systems
Parking & garage
Garage
Yes
Parking spaces
5
Interior
Basement
Apartment
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2 1/2 Storey
Property class
Fourplex
85 Walmer Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C13817514$2,199,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 85 Walmer Rd Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Monthly cost
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An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$10,803
/mo
based on the purchase price of $2,199,000
$439,800 cash
$1,759,200 financed
$1,481,708 total interest
Principal54%$1,759,200
Interest46%$1,481,708
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Similar homes for sale nearby in Toronto
Other 7–10 bed homes for sale in Toronto around $2.2M.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5253.8%On average, homes sold at or above asking.
Active listings11,804Homes for sale here right now.
Median vs prior 90 days−0.6%Compared with May 17 – Aug 15, 2026: prices down.
Based on 9,020 sales from Aug 15 – Nov 13, 2026 (7,222 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
85 Walmer Rd is listed at $2,199,000 (MLS® C13817514). Summitly updates the price as soon as the MLS® record changes.
Is $2,199,000 a good price for 85 Walmer Rd?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 85 Walmer Rd changed?
No — 85 Walmer Rd is still listed at its original asking price of $2,199,000.
How many bedrooms and bathrooms does 85 Walmer Rd have?
85 Walmer Rd has 8 bedrooms and 6 bathrooms, with about 3,500–5,000 square feet of living space. It is a fourplex in Toronto.
Is 85 Walmer Rd close to transit?
The nearest rapid-transit station is Spadina Station (Line 1, Line 2), about 340 m (about a 4-minute walk) in a straight line. Dupont Station is about 390 m (about a 5-minute walk), and Bathurst Station is about 690 m (about a 9-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 85 Walmer Rd?
About $10,803 a month — principal and interest on $2,199,000 with 20% down ($439,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 85 Walmer Rd compare with other homes in Toronto?
Its asking price of $2,199,000 is about 162% above the median sold price in Toronto over the last 90 days, $840,000, across 9,020 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 85 Walmer Rd been sold before?
Summitly has no earlier MLS® sale or lease of 85 Walmer Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 85 Walmer Rd?
85 Walmer Rd is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 85 Walmer Rd been on the market?
52 days — 85 Walmer Rd was listed on September 22, 2026.
What is the price per square foot of 85 Walmer Rd?
About $440 to $628 per square foot: the asking price of $2,199,000 over the 3,500–5,000 sq ft the listing gives as its size range.
Does 85 Walmer Rd have parking or a garage?
Yes — the listing gives 5 parking spaces. Garage: Yes.
