Toronto C01 M5V 1H6

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 7 BR
Bathrooms: 5
Pets: Pets No

Financials

Price:C2,999,900
($2,171,868)
(€1,842,440)
Annual Taxes:C7,260
505 Park Ave, New York, NY 10022

Description

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.

Amenities

  • Accessory Apartment
  • In-Law Suite
  • Separate Heating Controls
  • Sump Pump
  • Upgraded Insulation
  • Ventilation System

Currently fully rented 15, 000 monthly rental income.


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.