Address
1853 Lawrence Avenue, Toronto (Wexford-Maryvale), ON
Price
$ 999,999
Property Attributes
- ID#E13579286
- TypeCommercial
- Listing Status Active
- MunicipalityToronto (Wexford-Maryvale)
- CityToronto (Wexford-Maryvale)
- AreaWexford-Maryvale
- NeighbourhoodWexford-Maryvale
- Postal CodeM1R 2Y3
- Style
- Price$ 999,999
- Bedrooms0
- Bathrooms0
- Half Bathrooms0
- Sqr Footage2799
Data Source:
Canadian Real Estate Association (CREA)
Property Description
An exceptional mixed-use investment opportunity in a prime Toronto location at Lawrence Ave. E. & Pharmacy Ave. This well-maintained commercial/residential property offers immediate upside with both owner-user and investor appeal.The main floor features approximately 1,100 sq. ft. of retail space, currently vacant, providing the flexibility to establish your own business or secure a new tenant at today's market rents. The zoning permits a wide variety of retail and commercial uses, including a restaurant, café, barber shop, salon, spa, professional office, convenience retail, and many other permitted operations.The approximately 900 sq. ft. basement will be delivered vacant on closing, offering valuable additional space for storage, office use, or business operations. The retail unit is also being offered for lease at $3,500/month plus TMI, presenting an excellent leasing opportunity for investors.The upper residential unit is currently tenanted on a month-to-month basis, generating $1,930 per month, providing immediate rental income with future flexibility.With strong income potential and a projected capitalization rate exceeding 6.7%, this property represents an outstanding opportunity for investors seeking stable cash flow and long-term appreciation, as well as owner-operators looking to occupy the commercial space while benefiting from residential rental income.Ideally situated in a high-traffic corridor with excellent visibility, strong pedestrian exposure, TTC access, and close proximity to major highways, schools, and established residential neighbourhoods. A rare chance to own a versatile mixed-use asset in one of Toronto's sought-after commercial districts with significant upside potential. (id:7434)
General Features
| Property Type | Retail |
|---|---|
| Zoning Description | Mix - Commercial/Retail |
| CommunityName | Wexford-Maryvale |
| Building Cooling Type | Fully air conditioned |
| Business Type | Retail and Wholesale |
| Business Sub Type | Retail misc. |
| Location Description | Lawrence Ave & Pharmacy Ave |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Forced air |
| Building Heating Fuel | Natural gas |
| Living Area Range | 2799 |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in M1R 2Y3
Price
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
