Salehian.com 647-325-5000

54 / 56 Stewart Street

Waterfront Communities C1, Toronto, M5V 1H6

$5,600,000

Reduced $400,000 from $6,000,000

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Listed 153 days ago · MLS® C13150438

About this home

Prime Land Assembly & Development Opportunity! Exceptional mixed-use investment property with future redevelopment potential in a high-growth transit-oriented location. Buyers to conduct their own due diligence regarding zoning, permitted uses, development potential, density, and future assembly possibilities. Property currently generates strong monthly rental income from 10 tenancies and features approximately 7,500 sq. ft. of space on a 40' x 98' lot. Extensive renovations completed in 2024 include structural upgrades, ESA electrical, plumbing, roofs, windows, waterproofing, and fire/soundproofing improvements. The building offers 10 full bathrooms, 8 kitchens, rooftop patio access, and a private backyard area. Flexible vacant possession options may be available. Located near transit, amenities, and ongoing area redevelopment.

Details

Type
Investment
Lot
40.5 × 88 ft
Garage
None
Property tax
$10,758 (2025)
Neighbourhood
Waterfront Communities C1
Municipality
Toronto C01

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Partial
Utilities
Yes

Building and exterior

Building area
7,500 Square Feet

More

Possession
Flexible
Cross street
King And Bathurst

Listed by Royal LePage Real Estate Associates.

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

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