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. (id:51158)
MLS# C12166655 – FOR SALE : 54 Stewart Street Waterfront Communities C1 Toronto – 7 Beds, 5 Baths Semi-detached House ** Prime condo assembly opportunity directly beside a major new subway station currently under constructionthis property is the next lot immediately east, physically touching the future Ontario Line King St West station. Ideal for joining with neighbouring townhomes to develop a high-rise condo site. Fully renovated to the studs in 2024 with over $700,000 in upgrades, including all-new soundproofing, fire-rated drywall, new roof, 1″ plumbing lines, 200-amp dual-pane ESA-approved electrical, gas lines and plumbing rough-ins on the main and second floors, five full bathrooms with stand-up showers, two furnaces and two A/C units for zoned climate control, and new vinyl windows. Layout includes two retail units on the main floor, one retail unit on the second floor, a 2-bedroom lower-level apartment, and a 3-bedroom third-floor apartment with soaring ceilings, plus a spacious rear addition and fully fenced, landscaped backyard. Current gross rent approx. $13,500/month. A rare, turnkey investment with strong holding income and exceptional long-term development potential beside key transit infrastructure. (id:51158) ** 54 Stewart Street Waterfront Communities C1 Toronto **
| MLS® Number | C12166655 |
| Property Type | Single Family |
| Community Name | Waterfront Communities C1 |
| Features | Sump Pump, In-law Suite |
| Bathroom Total | 5 |
| Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 7 |
| Amenities | Separate Heating Controls |
| Basement Development | Finished |
| Basement Features | Apartment In Basement |
| Basement Type | N/a (finished) |
| Construction Status | Insulation Upgraded |
| Construction Style Attachment | Semi-detached |
| Cooling Type | Central Air Conditioning, Ventilation System |
| Exterior Finish | Brick |
| Fireplace Present | Yes |
| Foundation Type | Brick |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 2,000 - 2,500 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 86 Ft |
| Size Frontage | 19 Ft ,6 In |
| Size Irregular | 19.5 X 86 Ft |
| Size Total Text | 19.5 X 86 Ft |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | Measurements not available | ||
| Second Level | Bedroom 2 | Measurements not available | ||
| Second Level | Living Room | Measurements not available | ||
| Third Level | Bedroom | Measurements not available | ||
| Third Level | Bedroom 2 | Measurements not available | ||
| Third Level | Bedroom 3 | Measurements not available | ||
| Third Level | Kitchen | Measurements not available | ||
| Lower Level | Kitchen | Measurements not available | ||
| Main Level | Office | Measurements not available | ||
| Main Level | Living Room | Measurements not available | ||
| Main Level | Dining Room | Measurements not available | ||
| Main Level | Office | Measurements not available |
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