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.
Address
124 Portland Street
List Price
$6,200,000
Property Type
Commercial
Type of Dwelling
Industrial
Area
Toronto W06
Sub-Area
Mimico
County
Toronto
Bathrooms
5
Lot Size Source
GeoWarehouse
Lot Depth
125
Lot Type
Building
Lot Size Units
Feet
Lot Width
130
MLS® Number
W12258643
Listing Brokerage
RE/MAX REALTRON REALTY INC.
Postal Code
M8Y 1B2
Tax Amount
$13,601.58
Tax Year
2024
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
Outside/Surface
Security Features
Yes