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$ 2,999,000
Est. payment | /mo
5 Baths
$ 2,999,000
Est. payment | /mo
5 Baths
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Municipality Toronto C01
Subdivision Waterfront Communities C1
MLS Listing ID C12230982
Annual Tax Amount $7,260
Tax Year 2025
Property Sub-Type Commercial Retail
Lot Depth 89.0
Lot Front 19.5
Property Description
30 story high rise assembly potential. Currently fully rented $15,000 monthly rental income. Turnkey commercial/residential property situated directly adjacent to the future King Bathurst station on the Ontario Line (development opportunity). This 15.6 km rapid transit line, connecting Exhibition Place to the Ontario Science Centre, is set to revolutionize connectivity in Toronto. Located at 54 Stewart Street, this property is steps away from the upcoming King Bathurst station, enhancing its appeal for both commercial and residential purposes. It is extensively renovated in 2024, with over $700,000 invested in gutting the property to the studs, ensuring a maintenance-free experience for the next 20+ years. Currently houses 3 commercial tenants and 2 residential apartments. It includes a large rear addition with a private backyard patio, providing a serene outdoor retreat.
Location
Province ON
County Toronto
Community Toronto C01
Area Toronto
Interior
Cooling Yes
Exterior
Community Features Public Transit, Subways
Utilities Available Yes
Lot Frontage 19.5
Lot Depth 89.0
Others
Security Features No
ParcelsYN No
Listed by KELLER WILLIAMS REAL ESTATE ASSOCIATES
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