54 STEWART STREET, Toronto, Ontario

$2,999,900

7 Beds
5 Baths

Prime condo assembly opportunity directly beside a major new subway station currently under constructionthis property is the next lot immediately east, physically touching the future Ontario Line King St West station. Ideal for joining with neighbouring townhomes to develop a high-rise condo site. Fully renovated to the studs in 2024 with over $700,000 in upgrades, including all-new soundproofing, fire-rated drywall, new roof, 1" plumbing lines, 200-amp dual-pane ESA-approved electrical, gas lines and plumbing rough-ins on the main and second floors, five full bathrooms with stand-up showers, two furnaces and two A/C units for zoned climate control, and new vinyl windows. Layout includes two retail units on the main floor, one retail unit on the second floor, a 2-bedroom lower-level apartment, and a 3-bedroom third-floor apartment with soaring ceilings, plus a spacious rear addition and fully fenced, landscaped backyard. Current gross rent approx. $13,500/month. A rare, turnkey investment with strong holding income and exceptional long-term development potential beside key transit infrastructure. (id:56241)

Listing ID: C12166655
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Bedroom	Second level	Measurements not available
Bedroom 2	Second level	Measurements not available
Living room	Second level	Measurements not available
Bedroom	Third level	Measurements not available
Bedroom 2	Third level	Measurements not available
Bedroom 3	Third level	Measurements not available
Kitchen	Third level	Measurements not available
Kitchen	Lower level	Measurements not available
Office	Main level	Measurements not available
Living room	Main level	Measurements not available
Dining room	Main level	Measurements not available
Office	Main level	Measurements not available

Details

Features: Sump Pump, In-Law Suite
Ownership: Freehold
Transaction: For sale

Building

Amenities: Separate Heating Controls
BasementType: N/A (Finished)
Basement Development: Finished
Basement Features: Apartment in basement
Bedrooms Main Level: 5
Bedrooms Lower Level: 2
Constructed Status: Insulation upgraded
Construction Style Attachment: Semi-detached
Cooling: Central air conditioning, Ventilation system
Exterior Finish: Brick
Fireplace Present: True
Foundation: Brick
Bathrooms (Half): 1
Bathrooms (Total): 5
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 2000 - 2500 sqft
Stories Total: 3
Type: House
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 19 ft ,6 in
Size Irregular: 19.5 x 86 FT

Listing provided by KELLER WILLIAMS REAL ESTATE ASSOCIATES
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 54 STEWART STREET in Toronto Ontario. It was last modified on May 22nd, 2025. Contact us to schedule a viewing or to discover other Toronto homes for sale.

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