Toronto · Ward 11 · PRIVATE
40 Walmer Rd
Toronto, Ontario · postal area M5R · Annex
33 units · 4 storeys · built 1961 · managed by 2114778 ONTARIO INC.
LTB orders, Jan–June 2026
0Rent control
Likely rent-controlledFire code
no violations in Toronto Fire's high-rise inspection recordsInvestment (5 yrs)
no permits on file since Aug 2021Property standards
1Building 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 · Annex
What rents cost here · Toronto Central zone
Zone-wide market averages — not this building's rents| Unit | Vacant units rent for | Sitting tenants pay |
|---|---|---|
| bachelor | $1,790 | $1,599 |
| 1-bedroom | $2,321 | $2,036 |
| 2-bedroom | $3,128 | $2,766 |
| 3-bedroom+ | — | $3,556 |
The gap is what moving costs: a vacant 2-bedroom rents about 13% above what sitting tenants pay. Only 11.8% of units changed tenants in the year to the survey. Vacancy rate: 2.8%. 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: 12
Bus routes: 7, 127
Streetcars: 506, 510, 511
Subway within 500 m: Line 1, Line 2
24-hour night routes: 300, 306, 307, 310
Nearest subway: Spadina Station · 226 m
Nearest intersection: Lowther & Brunswick · 136 m · 1,534 vehicles in the City's latest count
Who lives in the area
Whole neighbourhood — not this buildingRenters paying 30%+ of income: 46.1%
Renters in subsidized housing: 6.8%
Median household income: $85,000
Average household: 1.8 people
Median age: 39.6
Homes in 5+ storey buildings: 54.5%
Moved in the past year: 22.2%
Residents: 38,487
Area safety
Whole neighbourhood — not this buildingWhat's nearby
Distances from this buildingCommunity centres: William H. Bolton Arena 718 m · Native Youth Resource Centre 864 m
Libraries: Spadina Road 222 m · Palmerston 708 m
Schools nearby
Distances from this buildingMiddle: Lord Lansdowne Jr Sr & Da Vinci · 1.2 km
Secondary (high school): Central Technical School · 671 m
Catholic elementary: Monsignor Fraser College - Annex Campus · 573 m
Catholic secondary: St Mary Catholic Academy Secondary School · 2.4 km
Score history
| Evaluation | Score |
|---|---|
| Aug 4, 2023 | 74 |
| Sep 11, 2025 | 90 |
Landlord and Tenant Board orders
How to read these orders and codes →
No final LTB orders were published for this address between January and June 2026. Earlier years will appear as Tribunals Ontario backfills its catalogue to 2021.