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$999,999
Available - For Sale
Listing ID: E13579286
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.
Price $999,999
Taxes: $8,422.14
Tax Type: Annual
Occupancy by: Tenant
Address: 1853 Lawrence Avenue , Toronto, M1R 2Y3, Toronto
Postal Code: M1R 2Y3
Province/State: Toronto
Directions/Cross Streets: Lawrence Ave & Pharmacy Ave
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Multi-Use
Use: Retail Store Related
Building Percentage: T
Total Area: 2,799
Total Area Code:  Square Feet
Office/Appartment Area: 1100
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq M Divisible
Maintenance: 0
Sprinklers: No
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
Sewers: Storm Available
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RE/MAX MILLENNIUM REAL ESTATE

1853 Lawrence Avenue , Toronto, M1R 2Y3, Toronto

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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Type: Com - Commercial Retail
Area: Toronto
Municipality: Toronto E04
Neighbourhood: Wexford-Maryvale
Style:
Lot Size: x 147.18(Feet)
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Tax: $8,422.14
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949