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Tomanaco Apartments 1059 Don Mills Rd 70 Unit Apartment Building For Sale Toronto, ON M3C 1X1
Investment Highlights
- Premier Don Mills location directly opposite CF Shops at Don Mills.
- Exceptional suite composition with 70% two-bedroom units and large private balconies, offering enduring tenant appeal.
- Strategically positioned within a rapidly intensifying urban corridor benefiting from substantial public and private investment.
- Institutional-quality multifamily asset featuring 70 spacious rental suites with a highly desirable unit mix.
- Stable cash flow with meaningful value-add potential through suite turnover, rental repositioning, and ongoing asset management initiatives.
- Excellent connectivity to the GTA, with convenient access to Don Valley Parkway, Highway 401, TTC transit routes and major employment nodes.
Executive Summary
1059 Don Mills Road presents a rare opportunity to acquire a well-maintained, institutional-quality multifamily asset in the heart of Toronto’s highly desirable Don Mills neighbourhood. The six-storey purpose-built apartment building contains 70 residential suites totaling approximately 67,098 SF, with an exceptional suite mix comprised of 70% two-bedroom units, large private balconies, and strong tenant appeal. Originally constructed circa 1960, the property benefits from extensive capital improvements including elevator modernization, roof replacement, balcony restoration, building systems upgrades, and suite renovations. Residents enjoy a premier location directly across from CF Shops at Don Mills, one of Toronto’s leading mixed-use lifestyle destinations, while investors benefit from stable in-place cash flow, significant rental upside through suite turnover and repositioning, and long-term appreciation potential driven by ongoing area intensification, transit investment, and population growth. Additional features include 35 private garages, dedicated storage lockers, and separately metered hydro.
Property Facts
| Sale Type | Investment | Lot Size | 1.05 AC |
| No. Units | 70 | Building Size | 67,098 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 1.09/1,000 SF |
| Zoning | RA | ||
| Sale Type | Investment |
| No. Units | 70 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.05 AC |
| Building Size | 67,098 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 1958 |
| Parking Ratio | 1.09/1,000 SF |
| Zoning | RA |
Amenities
Unit Amenities
- Balcony
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | 636 - 724 |
| 2+1 | 48 | - | 883 - 1,167 |
| 3+2 | 7 | - | 955 - 1,100 |
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Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
70/100
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Tomanaco Apartments | 1059 Don Mills Rd
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