54-56 Stewart St - Apartments FOR SALE


$2,999,900 CAD
905-278-8866
54-56 Stewart St, Toronto, ON for Sale
$2,999,900 CAD
Apartments - FOR SALE
1/3
null | Request Cap Rate


HIGHLIGHTS

  • Property currently has three commercial tenants and only 2 units in use as apartments.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,999,900 CAD

PRICE/SF

$861 CAD /SF

# OF UNITS

5

PRICE/UNIT

$599,980

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

CRE (x69)

APN/PARCEL ID

190406219002100

ASK ABOUT THIS PROPERTY

Dani HabbalKeller Williams Realty Associates – Larose TeamMore Info
905-278-8866

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Dani HabbalKeller Williams Realty Associates – Larose TeamMore Info
905-278-8866

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.