391 Lumsden Avenue

Crescent Town, Toronto, M4C 2L6

$1,880,000

Reduced $10,000 from $1,890,000

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Listed 105 days ago · MLS® E13533576

About this home

Owned by the same owner since 1977, this is one of the very few long-established commercial freehold properties remaining in a high-density residential neighborhood surrounded by apartment buildings. The property is strategically located on the corner of Lumsden Avenue and Barrington Avenue. It features approximately 2,300 sq. ft. of above-grade commercial space plus a full basement, situated on a 6,114 sq. ft. lot. The property is currently leased to a stable tenant under a Net Lease expiring in March 2030, generating a rental income of $5,600/month Net Rent plus $1,500/month TMI, providing immediate and reliable cash flow for investors. An additional advantage is that the current owner also owns the adjacent property, creating a potential future assembly opportunity. For developers or long-term investors, this could represent an excellent redevelopment opportunity in the future, subject to applicable approvals.

Details

Type
Investment
Lot
45.58 × 134 ft
Garage
Outside/Surface
Property tax
$17,072 (2026)
Neighbourhood
Crescent Town
Municipality
Toronto E03

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Yes
Utilities
Yes

Building and exterior

Building area
6,114 Square Feet

More

Possession
Flexible
Cross street
LUMSDEN AND BURRINGTON

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

  • 🚇 Main Street Subway10 min walk
  • 🚇 Woodbine Subway18 min walk
  • 🚆 Danforth GO15 min walk

Within a 10-minute walk: 6 grocery stores, 19 cafés and restaurants, 12 parks, 8 pharmacies. Nearest grocery: Janny Fruit Mart (800 m). Nearest park: Secord Park (300 m).

Schools nearby

Elementary

  • Secord Elementary School
    EQAO: Gr 3 reading 69%, math 58%
    6 min walk
  • William J McCordic School10 min walk
  • George Webster Elementary School
    EQAO: Gr 6 reading 67%, math 20%
    13 min walk
  • Gledhill Junior Public School
    EQAO: Gr 3 reading 83%, math 67%
    15 min walk

Secondary

  • D A Morrison Middle School10 min walk
  • Gordon A Brown Middle School1.4 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M4C

Owners / renters
53% / 47%
Median household income
$83,000
Average age
40
Children under 15
17%
Homes
27% detached, 38% high-rise
Commute by transit
37%
Population
46,440

Languages spoken most at home besides English: Bengali 4.3%, Yue (Cantonese) 2.1%, Urdu 1.4%, Tagalog (Pilipino, Filipino) 0.9%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Taylor-Massey (2025): about the Toronto average, about the same from the year before.

  • Assaultabout average
  • Break and enter24% below average
  • Auto theftabout average
  • Robberyabout average
  • Theft from vehiclesabout average
  • Shootingsnone reported

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 2 active

  • 90 EASTDALE AVE · 200 m
    Site Plan · Under Review · applied 2024
    Site Plan Approval for a 41-storey (129.6 metres in height excluding the 6 storey mechnical penthouse) residential development with a six-storey podium…
    Application details
  • 90 EASTDALE AVE · 200 m
    Official Plan / Zoning By-law Amendment · Council Approved · applied 2024
    Zoning By-law Amendment for a 40-storey (126 metres plus 6 metre MPH) high-rise residential development, with a 6-storey podium. The proposal will contain 535…
    Application details

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 8 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built RD

Residential Detached.

  • ✅ Up to 6 homes on the lot (multiplex): a sixplex ward
  • ✅ Garden suite in the backyard
  • ✅ Laneway suite, if the lot backs onto a lane

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

No building permits at this address since 2014.

4 permits on this block of the street in the last 2 years, including 2 new homes.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

38 City street trees within 100 m. That’s about the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by CITY PLUS REALTY INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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