54 / 56 Stewart Street Toronto (Waterfront Communities), Ontario M5V 1H6
$6,000,000
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:58203)
Property Details
| MLS® Number | C13150438 |
| Property Type | Multi-family |
| Community Name | Waterfront Communities C1 |
| Amenities Near By | Public Transit |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 7500 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Size Depth | 88 Ft |
| Size Frontage | 40 Ft ,6 In |
| Size Irregular | 40.5 X 88 Ft |
| Size Total Text | 40.5 X 88 Ft |
| Zoning Description | Cre |
Interested?
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May 20 2026 06:05:16
Toronto Real Estate Board
Royal LePage Real Estate Associates
