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A 514 Evans Ave 663 SF Retail Building Toronto, ON M8W 2T7 $899,999 CAD ($1,357.46 CAD/SF)
Executive Summary
514A Evans Ave - Excellent investment opportunity in Alderwood, a rapidly growing South Etobicoke community. This fully renovated freehold unit (2022) features 800 sq. ft. main-level commercial space and 800 sq. ft. finished basement office (currently leased), generating immediate income. Structurally fitted to add an additional floor, offering significant future upside. Prime exposure on busy Evans Avenue, minutes to Gardiner, QEW, Hwy 427, and Sherway Gardens. Surrounded by new condo, mixed-use, and redevelopment projects, Alderwood is experiencing strong population growth and commercial demand, providing both stable cash flow and long-term appreciation potential.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
663 SF
Building Class
C
Year Built
1955
Price
$899,999 CAD
Price Per SF
$1,357.46 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.04 AC
Zoning
E - Employment Industrial
Parking
1 Spaces (1.51 Spaces per 1,000 SF Leased)
Frontage
16’ on Evans Ave
Amenities
- Signage
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 3
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A | 514 Evans Ave
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