1853 Lawrence AVE, Toronto E04, ON M1R 2Y3
1853 Lawrence AVE, Toronto E04, ON M1R 2Y3
1853 Lawrence AVE, Toronto E04, ON M1R 2Y3
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Christine Domina

Christine Domina

Christine Domina - Real Estate Smarts

+1(416) 873-4747
$999,999
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Municipality Toronto E04

Subdivision Wexford-Maryvale

MLS Listing ID E13579286

Annual Tax Amount $8,422

Tax Year 2026

Property Sub-Type Commercial Retail

Property Description

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.

Location

Province ON

County Toronto

Community Toronto E04

Area Toronto

Interior

Cooling Yes

Exterior

Utilities Available Available

Lot Frontage 19.01

Lot Depth 147.18

Others

Security Features No

ParcelsYN No

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Listed by RE/MAX MILLENNIUM REAL ESTATE

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Christine Domina

Christine Domina

+1(416) 873-4747

Realtor | License ID: 9603994

Realtor License ID: 9603994

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