$6,000,000
FOR SALE

Investment

Lot: 40.5 x 88 ft
2025 Taxes: $10,758.12

54 / 56 Stewart St
Toronto, ON M5V 1H6 | Waterfront Communities C1

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.
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Listed By Royal Lepage Real Estate Associates
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C13150438
Last Updated May 20, 2026
Property Summary
Property Type Investment

More like this:
Legal Description See Comments
Possession Date Flexible
Taxes (2025) $10,758.12
Directions/Cross Streets King And Bathurst
Neighbourhood Waterfront Communities C1
Area Toronto
Price History

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Detailed Information
Freestanding Y
Lot 40.5 x 88 ft
Air Conditioning Partial
Garage Type None
Heat Type Gas Forced Air Closed

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