184 Willowdale Ave 5,530 SF 100% Leased Retail Building Toronto, ON M2N 4Y8 $3,990,000 CAD ($721.52 CAD/SF)

180-184 Willowdale Avenue presents an opportunity to acquire a freehold mixed-use asset in Toronto’s Willowdale East neighbourhood. The two-storey property includes two street-level commercial units and two residential apartments above, creating a blend of retail and residential income within one asset. The property is reported as fully leased and generates annual gross income of $171,270.
Located near the Willowdale and Sheppard Avenue corridor, the property benefits from proximity to the Sheppard-Yonge and North York Centre subway stations, providing direct access to Toronto’s transit network. The surrounding area is characterized by a mix of high-density residential development, established retail services, office users, restaurants, and community amenities that support both commercial and residential demand.
The site includes approximately 46.83 feet of frontage and a depth of 140 feet, with parking available at both the front and rear of the property. The combination of on-site parking, transit accessibility, and a mixed-use configuration offers flexibility for investors, owner-occupiers, and future repositioning considerations, subject to applicable approvals.
Willowdale East remains one of North York’s most established urban nodes, benefiting from ongoing residential intensification and strong connectivity throughout the Greater Toronto Area. The property's existing income stream, mixed-use tenancy profile, and central location contribute to its long-term investment appeal.