Toronto · Ward 01 · PRIVATE
40 Stevenson Rd
Toronto, Ontario · postal area M9V · Mount Olive-Silverstone-Jamestown
176 units · 13 storeys · built 1970 · managed by METCAP LIVING MANAGEMENT INC
LTB orders, Jan–June 2026
5Rent control
Likely rent-controlledFire code
2Investment (5 yrs)
1Property standards
4Building facts
Self-reported by the building owner or manager at RentSafeTO registration; City of Toronto open data.
Inspection breakdown
Common areas scored 0–3 by the City inspector at the latest RentSafeTO evaluation (3 = no issues found). Only areas assessed at this building are shown.
Neighbourhood & getting around · Mount Olive-Silverstone-Jamestown
What rents cost here · Etobicoke North zone
Zone-wide market averages — not this building's rents| Unit | Vacant units rent for | Sitting tenants pay |
|---|---|---|
| bachelor | — | $1,342 |
| 1-bedroom | $1,855 | $1,714 |
| 2-bedroom | $2,273 | $2,014 |
| 3-bedroom+ | $2,455 † | $2,522 |
† Small sample: CMHC rates this vacant-unit estimate low-reliability and/or finds the vacant-vs-sitting difference not statistically significant.
The gap is what moving costs: a vacant 2-bedroom rents about 13% above what sitting tenants pay. Only 4.4% of units changed tenants in the year to the survey. Vacancy rate: 1.5%. Across the City of Toronto, average rents rose 3% over the year (same-structure sample). CMHC Rental Market Survey, October 2025.
Region-wide asking rents (Toronto area (CMA), Q1 2026, Statistics Canada, Quarterly Rent Statistics): bachelor $1,760 · 1-bed $2,110 · 2-bed $2,660 · 3-bed $3,250. Rentals.ca & Urbanation National Rent Report, July 2026: City of Toronto average $2,577 across all unit types.
Getting around
Distances from this buildingStops within 500 m: 19
Bus routes: 6, 45, 73
Express (900-series): 945
24-hour night routes: 336, 337, 345
Nearest subway: Highway 407 Station · 6.6 km
Nearest intersection: Kipling & Stevenson · 239 m · 16,479 vehicles in the City's latest count
Who lives in the area
Whole neighbourhood — not this buildingRenters paying 30%+ of income: 32.3%
Renters in subsidized housing: 24.7%
Median household income: $76,500
Average household: 3.2 people
Median age: 36
Homes in 5+ storey buildings: 62%
Moved in the past year: 8.4%
Residents: 34,492
Area safety
Whole neighbourhood — not this buildingWhat's nearby
Distances from this buildingCommunity centres: Albion Arena 566 m · Albion Pool And Health Club 661 m
Libraries: Albion 480 m · Humber Summit 2.0 km
Schools nearby
Distances from this buildingMiddle: North Kipling Jr Mdl School · 880 m
Secondary (high school): North Albion Collegiate Institute · 327 m
Catholic elementary: St Andrew Catholic Elementary School · 275 m
Catholic secondary: Father Henry Carr Catholic Secondary School · 1.1 km
Score history
| Evaluation | Score |
|---|---|
| Jun 18, 2024 | 91 |
| Sep 4, 2026 | 85 |
Fire code violations
18 violation records since 2018 in Toronto Fire Services' high-rise inspection data; 2 currently open. Most frequent:
- Damaged closures (2)
- /6.3.2.2. Records of Test (Fire Alarm) (2)
- Damaged fire separations (1)
Source: Toronto Fire Services residential inspection results, refreshed daily. A violation record is a finding at inspection time; open items are those without a recorded close date.
Recent building permits
| Issued | Type | Work | Est. cost | Status |
|---|---|---|---|---|
| Jul 3, 2026 | Fire/Security Upgrade | Other(FS) | $40,000 | Permit Issued |
Permits filed at this address since August 2021 (City of Toronto building permits, active file). Permit activity is a sign the owner is investing in the building; estimated costs are as declared by the applicant.
Landlord and Tenant Board orders
How to read these orders and codes →
| File | Application | Date | Order |
|---|---|---|---|
| LTB-L-042696-26 | L1 eviction application for rent arrears | Jun 26, 2026 | |
| LTB-L-024568-23 | L5 above-guideline rent increase application | Jun 3, 2026 | |
| LTB-L-091619-25 | L1 eviction application for rent arrears | May 8, 2026 | |
| LTB-L-013058-26 | L1 eviction application for rent arrears | Apr 16, 2026 | |
| LTB-L-091619-25 | L1 eviction application for rent arrears | Jan 23, 2026 |
Final orders published by Tribunals Ontario (Jan–June 2026 release). An order records the outcome of an application; a high count of L1 (arrears) filings reflects filing activity, not the state of the building. Orders with confidentiality directives are excluded at source.