54 / 56 Stewart Street

1 / 40

$5,600,000

54 / 56 Stewart Street

Waterfront Communities, Toronto · MLS® C13150438

7,500 sq ft · House · Multi-family · 157 days on market

listed by DANI HABBAL, ROYAL LEPAGE REAL ESTATE ASSOCIATES

realtor's description

Prime Land Assembly & Development Opportunity! Exceptional mixed-use investment property with future redevelopment potential in a high-growth transit-oriented location. Buyers to conduct their own due diligence regarding zoning, permitted uses, development potential, density, and future assembly possibilities. Property currently generates strong monthly rental income from 10 tenancies and features approximately 7,500 sq. ft. of space on a 40' x 98' lot. Extensive renovations completed in 2024 include structural upgrades, ESA electrical, plumbing, roofs, windows, waterproofing, and fire/soundproofing improvements. The building offers 10 full bathrooms, 8 kitchens, rooftop patio access, and a private backyard area. Flexible vacant possession options may be available. Located near transit, amenities, and ongoing area redevelopment.

property details

type: House, Multi-family
living area: 7,500 sq ft
parking: 0
property tax: $10,758 / yr
days on market: 157
MLS®: C13150438

monthly cost

$25,295/mo

Mortgage $24,399 · Tax $897

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$24,399/ monthly

loan $4,480,000

25-year amortization

down payment20% · $1,120,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $2,839,599
cash to close: $1,120,000; down payment; transfer tax and fees not included
total paid: $7,319,599

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.