54 / 56 Stewart Street Toronto, Ontario M5V 1H6
$5,800,000
Prime Land Assembly & High-Density Development Site! Positioned for a potential 6-townhouse row assembly with zoning upside up to 30 stories, these two commercial/residential properties directly abut the new King St. West Ontario Line. Generating $27,000 gross monthly income from 10 tenants, the ~7,500 sq ft footprint sits on a 40' x 98' deep lot and features over $1.4M in total 2024 renovations. Gutted to the studs with new structural supports, ESA electrical, plumbing, roofs, windows, waterproofing, and fire/soundproofing, the property boasts 10 full baths, 8 kitchens, a rooftop patio, and a private backyard. A premier transit-oriented development play or premium long-term hold with flexible vacant possession options. 3 of the 6 town homes listed for sale currently, 3 others potentially open to offers. inquire for details. (id:60365)
Property Details
| MLS® Number | C13150438 |
| Property Type | Multi-family |
| Community Name | Waterfront Communities C1 |
| AmenitiesNearBy | Public Transit |
Building
| CoolingType | Partially Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 7500 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit |
| SizeDepth | 88 Ft |
| SizeFrontage | 40 Ft ,6 In |
| SizeIrregular | 40.5 X 88 Ft |
| SizeTotalText | 40.5 X 88 Ft |
| ZoningDescription | Cre |
Dani Habbal
Salesperson
103 Lakeshore Rd East
Mississauga, Ontario L5G 1E2
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May 29 2026 12:35:19
Toronto Real Estate Board
Royal LePage Real Estate Associates
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