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Renanza Realty
For sale

1853 LAWRENCE AVENUE

Toronto (Wexford-Maryvale), Ontario

MLS® E13579286

$999,999

Status
Active
Property type
Retail
MLS® number
E13579286
Bedrooms
Bathrooms
Year built

Listing 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.

Property summary

MLS® number
E13579286
Property type
Retail
Square footage
2,799 sq ft
Land size
19.01 x 147.18 FT
Annual property taxes
$8,422.14
Days on market
40 days

Features & details

Heating
Forced air, Natural gas
Cooling
Fully air conditioned

What would this home cost you?

Based on the $999,999 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$4,653 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of RE/MAX MILLENNIUM REAL ESTATE, WOODBRIDGE.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.