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54-56 Stewart St 5 Unit Apartment Building $2,999,900 CAD ($599,980 CAD/Unit) Toronto, ON M5V 1H6
Investment Highlights
- Property currently has three commercial tenants and only 2 units in use as apartments.
Executive Summary
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.
Property Facts
| Price | $2,999,900 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $599,980 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| No. Units | 5 | Building Size | 3,483 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1990 |
| Zoning | CRE (x69) - Commercial Residential Employment | ||
| Price | $2,999,900 CAD |
| Price Per Unit | $599,980 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 3,483 SF |
| No. Stories | 3 |
| Year Built | 1990 |
| Zoning | CRE (x69) - Commercial Residential Employment |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
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Photos
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Presented by
Keller Williams Realty Associates – Larose Team
54-56 Stewart St
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