124 Portland Street, Toronto W06, ON M8Y 1B2

Toronto W06 M8Y 1B2 Ontario

MLS: W12258643

$6,200,000

Added 56 days ago | For Sale

Listed by: RE/MAX REALTRON REALTY INC.

About Property

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.

Features

  • House Style:Industrial
  • Bathrooms:5
  • Land Size: 130 X 125
  • Water:Municipal
  • Garage Spaces: /Outside/Surface
  • Driveway:
  • Heating Fuel:
  • Cross Street:ROYAL YORK & EVANS
  • Basement: ,
  • Possession Date:TBA
  • Annual Property taxes: $13601.58
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:W12258643

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