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.
| MLS # | C13226274 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 162 |
| Listing Provided By | Royal Lepage Real Estate Associates | C13226274 101204 |
| Bath(s) | 5 |
|---|---|
| SQ Feet | 3,000 |
| Acreage | 0.07 |
| Cooling | Yes |
|---|
| Community Features | Public Transit, Subways |
|---|---|
| Security Features | No |
| Utilities | Yes |
|---|
| Tax Annual Amount | 7260 |
|---|---|
| Tax Type | Annual |
| Tax Year | 2025 |
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto C01 |
| Postal Code | M5V 1H6 |
| Area | Waterfront Communities C1 |
| Listing VS Median (in M5V 1H6) | |
Price: $2,800,000 low | high Med: $2,800,000 sqft: 3,000 low | high Med: 3,000 $ / sqft: $933 low | high Med: $933 On site: 162 low | high Med: 162 | |
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto C01 |
| Postal Code | M5V 1H6 |
| Area | Waterfront Communities C1 |
| Listing VS Median (in M5V 1H6) | |
Price: $2,800,000 low | high Med: $2,800,000 sqft: 3,000 low | high Med: 3,000 $ / sqft: $933 low | high Med: $933 On site: 162 low | high Med: 162 | |