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$ 6,200,000
Est. payment /mo
New
124 Portland ST Toronto W06, ON M8Y 1B2
5 Baths
14,327 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 14,327 sqft
Price per Sqft $432
Subdivision Mimico
MLS Listing ID W12258643
Annual Tax Amount $13,601
Tax Year 2024
Property Sub-Type Industrial
Property Description
Prime Investment Opportunity in Etobicoke Strong Income with Exceptional Development Upside Strategically located in a well-established residential neighbourhood of Etobicoke, this rare commercial property offers both immediate cash flow and long-term development potential. The asset currently generates stable revenue from multiple tenants on flexible month-to-month leases, allowing a seamless transition for investors looking to maintain income or reposition the site for higher value. Positioned just steps away from a new condominium development, the property is ideally situated for mixed-use redevelopment, benefiting from strong area fundamentals and increasing residential density. The surrounding neighbourhood is undergoing notable revitalization, underscoring the viability of future transformation into residential, commercial, or combined-use space subject to municipal approvals. Key Highlights: Well-maintained commercial building with stable rental income, Month-to-month tenancies offer investor flexibility and ease of repositioning, Located in a thriving Etobicoke neighbourhood experiencing residential growth, Adjacent to a new condo development a clear indicator of the area's evolving land use, Excellent frontage and accessibility in a transit-friendly, high-demand location. This is a unique opportunity for developers and investors alike to capitalize on a high-performing asset today while planning for a lucrative redevelopment tomorrow.
Location
Province ON
County Toronto
Community Mimico
Area Toronto
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 130.0
Lot Depth 125.0
Others
Security Features Yes
Listed by RE/MAX REALTRON REALTY INC.