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4245 Sheppard Ave E 10,130 SF 100% Leased Retail Building Toronto, ON M1S 1T6 $6,800,000 CAD ($671.27 CAD/SF)
Investment Highlights
- Strategic Scarborough location on a 0.957-acre site.
- Additional approximately 5,200 SF basement unit with high ceilings and two separate entrances.
- Opportunity to occupy a portion of the building while generating income from remaining units.
- Multi-unit commercial property with strong owner-user and investment appeal.
- Strong rental demand and future income growth potential in an evolving urban corridor.
Executive Summary
4245 Sheppard Avenue East represents a rare opportunity to acquire a versatile commercial asset offering immediate income, owner-user functionality, and significant long-term redevelopment potential. Situated on a 0.957-acre site in a rapidly intensifying Scarborough corridor, the property features approximately 4,930 square feet of above-grade leasable space along with an approximately 5,200-square-foot basement unit with two separate entrances and high ceilings. The building is well suited for investors seeking stable income, owner-users requiring flexible occupancy options, or developers looking to capitalize on the property's Mixed Use Areas designation and Avenues overlay, which support future intensification and higher-density mixed-use redevelopment.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,130 SF
Building Class
B
Year Built
1959
Price
$6,800,000 CAD
Price Per SF
$671.27 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.81 AC
Zoning
CR
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
153’ on Sheppard Ave
Moderately walkable
60/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 13
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4245 Sheppard Ave E
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