$2,800,000

For sale

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54 Stewart Street, Toronto (Waterfront Communities) - Retail for Sale

54 Stewart Street, Toronto (Waterfront Communities), Ontario, M5V1H6

5 baths3,000 ft²20 × 89 ft (1,736 sq ft) lot sizeListed 156 days ago

Overview

This retail property in Toronto is for sale offering roughly 3,000 sq ft of space.

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Description

30 story high rise assembly potential. Currently fully rented strong 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. (id:66096)

Property Details

MLS®: C13226274
Property Type: Retail
Zoning: CRE (x69)
Bathrooms: 5
Interior Size: 3,000 ft²
Lot Size: 20 × 89 ft (1,736 sq ft)
Frontage: 20 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $7,260/yr
Listed: 156 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

156d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$933

List price

$2.80M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

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Listed by Royal LePage Real Estate Associates · DANI HABBAL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $2,800,000, about 30.8× the local median household income of $91,000.

Carrying it typically needs a household income of about $546,938 (20% down, 25-yr amortization, stress-tested) — roughly 501% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$2,800,000· $933/ft²

For sale

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