$1,599,000
1602 Eglinton Ave W
Toronto W04, ON M6E 2G8
1602 Eglinton Ave W, Toronto W04 — Listed at $1,599,000 Commercial Retail. MLS® W13560808.
Possession · seller's timeline
Flexible
Description
Exceptional Mixed-Use Investment & Redevelopment Opportunity! Fully leased with strong, stable income and a cap rate at 6.6% this prime commercial property offers immediate cash flow and outstanding future upside. Featuring two fully leased street-front commercial units, rear laneway access, basement, rear parking, and 26.18 ft frontage, this is an ideal asset for investors and developers alike. Located just steps to Eglinton West Subway Station, GO Transit, and the Eglinton Crosstown LRT, the property is situated in one of Toronto's fastest-growing transit-oriented communities. Excellent redevelopment potential with a proposed 10-storey mixed-use building, featuring approximately 19 residential units plus ground-floor commercial space, with over 14,000 sq. ft. of proposed GFA, subject to municipal approvals. Located within a Major Transit Station Area (MTSA), offering exceptional long-term growth and value.
Property Details
Business Details
Commercial Space & Financials
Property Insights
Listing Courtesy of: SUTTON GROUP-ADMIRAL REALTY INC.
MLS® #W13560808
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About Toronto Real Estate
This Commercial Retail is located in the Briar Hill-Belgravia community in Toronto. Toronto is Canada's largest city and the economic hub of the Greater Toronto Area. With world-class transit, diverse neighbourhoods from the Annex to Scarborough, and proximity to major employers in the Financial District, it remains the most sought-after real estate market in Ontario. Buyers benefit from extensive GO Transit and TTC subway connectivity.