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    For Sale - 391 Lumsden Avenue, Toronto, Ontario

    Est payment $9,028/mo
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    Views   4
    Time on Jump  49 day

    AI Summary *

    • Established commercial property in a high-density residential area since 1977.
    • Approximately 2,300 sq. ft. of above-grade commercial space with full basement.
    • Leased to a stable tenant until March 2030, ensuring reliable cash flow.
    • $5,600/month Net Rent plus $1,500/month TMI for steady investment income.
    • Potential redevelopment opportunity with adjacent property ownership for future growth.




    Owned by the same owner since 1977, this is one of the very few long-established commercial freehold properties remaining in a high-density residential neighborhood surrounded by apartment buildings. The property is strategically located on the corner of lumsden avenue and barrington avenue. It features approximately 2,300 sq. Ft. Of above-grade commercial space plus a full basement, situated on a 6,114 sq. Ft. Lot. The property is currently leased to a stable tenant under a net lease expiring in march 2030, generating a rental income of $5,600/month net rent plus $1,500/month tmi, providing immediate and reliable cash flow for investors. An additional advantage is that the current owner also owns the adjacent property, creating a potential future assembly opportunity. For developers or long-term investors, this could represent an excellent redevelopment opportunity in the future, subject to applicable approvals.
    Listing IDE13533576
    Address391 Lumsden Avenue
    CityToronto, Ontario
    Price$1,880,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentBasement 1Heating / Cooling Gas Forced Air Open

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    Listing Agency:  CITY PLUS REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    391 Lumsden Avenue
    Toronto , Ontario
    $1,880,000
    Get more info