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.
- Cooling System:
- Yes
- Utilities:
- Yes
- City:
- Toronto
- Postal Code:
- M8Y 1B2
- Street:
- Portland
- Street Number:
- 124
- Street Suffix:
- Street
- Zoning:
- RESIDENTIAL
- Directions:
- ROYAL YORK & EVANS
- Building Size:
- 14327
- Tax Annual Amount:
- 13601.58
- Mls Status:
- New
- Modification Timestamp:
- 2025-07-15T16:21:41Z
- Originating System Name:
- TRREB
Commercial Sale For Sale
124 Portland Street, Toronto W06, ON M8Y 1B2
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Listing ID :
- W12258643
- Price :
- $6,200,000
- Status :
- Active
- Office Name :
- RE/MAX REALTRON REALTY INC.
- Property Sub Type :
- Industrial