Waterfront Communities C1, M5V 1H6
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.
Features
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Category:
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Total Area: 3,000 sqft
- Retail Area: 1,200 sqft
- Parking Types: None
- Bathrooms: 5
- Clear Heights: 6
Details
- Zoning: Commercial/Residential
- Tax: $ 7,260
- Alcohol Allowed: N
- Features: Public Transit, Subways
- C12230982
- Listing contracted with: KELLER WILLIAMS REAL ESTATE ASSOCIATES
