54 Stewart Street
54 Stewart Street
$2,800,000
40 days on market
About This Listing
30 story high rise assembly potential. Currently fully rented strong monthly rental income. Turnkey commercial/residential property situated directly adjacent to the future King Bathurst station on the Ontario Line (development opportunity). This 15.6 km rapid transit line, connecting Exhibition Place to the Ontario Science Centre, is set to revolutionize connectivity in Toronto. Located at 54 Stewart Street, this property is steps away from the upcoming King Bathurst station, enhancing its appeal for both commercial and residential purposes. It is extensively renovated in 2024, with over $700,000 invested in gutting the property to the studs, ensuring a maintenance-free experience for the next 20+ years. Currently houses 3 commercial tenants and 2 residential apartments. It includes a large rear addition with a private backyard patio, providing a serene outdoor retreat.
| Monthly Mortgage (P&I) | $12,199 |
| Property Tax (MLS) | $605 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $12,804 |
Down payment: $560,000 (20.0%) · Mortgage: $2,240,000
Property tax uses MLS annual tax of $7,260/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
550 Wellington West Condos
Red Bricks Databy Freed Developments · 55 Stewart Street & 552 Wellington Street West
Maint. Fees
0.00
Occupancy
2010
Listing provided by Royal LePage Real Estate Associates
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Data last updated: August 23, 2026 at 10:25 a.m.