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$6,200,000
Available - For Sale
Listing ID: W12258643
Prime Investment Opportunity in Etobicoke Strong Income with Exceptional Development Upside Strategically located in a well-established residential neighbourhood of Etobicoke, this rare commercial property offers both immediate cash flow and long-term development potential. The asset currently generates stable revenue from multiple tenants on flexible month-to-month leases, allowing a seamless transition for investors looking to maintain income or reposition the site for higher value. Positioned just steps away from a new condominium development, the property is ideally situated for mixed-use redevelopment, benefiting from strong area fundamentals and increasing residential density. The surrounding neighbourhood is undergoing notable revitalization, underscoring the viability of future transformation into residential, commercial, or combined-use space subject to municipal approvals. Key Highlights: Well-maintained commercial building with stable rental income, Month-to-month tenancies offer investor flexibility and ease of repositioning, Located in a thriving Etobicoke neighbourhood experiencing residential growth, Adjacent to a new condo development a clear indicator of the area's evolving land use, Excellent frontage and accessibility in a transit-friendly, high-demand location. This is a unique opportunity for developers and investors alike to capitalize on a high-performing asset today while planning for a lucrative redevelopment tomorrow.
Price $6,200,000
Taxes: $13,601.58
Tax Type: Annual
Occupancy by: Tenant
Address: 124 Portland Stre , Toronto, M8Y 1B2, Toronto
Postal Code: M8Y 1B2
Province/State: Toronto
Legal Description: PLAN M110 LOS23&24 AND PT LOT22
Directions/Cross Streets: ROYAL YORK & EVANS
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Free Standing
Building Percentage: T
Total Area: 14,327
Total Area Code:  Square Feet
Office/Appartment Area Code: Sq Ft
Financial Statement: F
Maintenance: 0
Sprinklers: Yes
Rail: N
Clear Height Feet: 12
Truck Level Shipping Doors #: 2
Double Man Shipping Doors #: 0
Drive-In Level Shipping Doors #: 1
Grade Level Shipping Doors #: 1
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX REALTRON REALTY INC.

124 Portland Stre , Toronto, M8Y 1B2, Toronto


 
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At a Glance:
Type: Com - Industrial
Area: Toronto
Municipality: Toronto W06
Neighbourhood: Mimico
Style:
Lot Size: x 125.00(Feet)
Approximate Age:
Tax: $13,601.58
Maintenance Fee: $0
Beds: 0
Baths: 5
Garage: 0
Fireplace: N
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