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Executive Summary
Mixed-use corner asset offering substantial value-add potential.
Ground floor consists of an operating retail space with beer, wine, and lottery licenses in place (inventory not included) and a studio residential unit. The second floor includes two 2-bedroom, 1-bath units.
The studio is in non-finished condition and requires full renovation. The second-floor units have been stripped to the studs and are ready for full redevelopment.
Full basement provides additional utility space, housing mechanical systems, storage, and infrastructure to support both commercial and residential components.
Property is being sold as-is. Ideal for an experienced investor seeking to reposition and maximize income across both commercial and residential components. Buyer to verify zoning, permitted uses, and transferability of licenses.
Ground floor consists of an operating retail space with beer, wine, and lottery licenses in place (inventory not included) and a studio residential unit. The second floor includes two 2-bedroom, 1-bath units.
The studio is in non-finished condition and requires full renovation. The second-floor units have been stripped to the studs and are ready for full redevelopment.
Full basement provides additional utility space, housing mechanical systems, storage, and infrastructure to support both commercial and residential components.
Property is being sold as-is. Ideal for an experienced investor seeking to reposition and maximize income across both commercial and residential components. Buyer to verify zoning, permitted uses, and transferability of licenses.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,842 SF
Building Class
C
Year Built
1920
Price
$191,361 CAD
Price Per SF
$49.81 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.45
Lot Size
0.06 AC
Zoning
Commercial
Frontage
46’ on Highland Ave
Amenities
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 661-0004-0044 | Improvements Assessment | $23,755 CAD |
| Land Assessment | $2,172 CAD | Total Assessment | $25,927 CAD |
Property Taxes
Parcel Number
661-0004-0044
Land Assessment
$2,172 CAD
Improvements Assessment
$23,755 CAD
Total Assessment
$25,927 CAD
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5700 Highland Ave
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