54 Stewart Street
Waterfront Communities C1, Toronto
$2,800,000
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.
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| Type | Semi-Detached |
| Style | 3-Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $7,260 |
| Lot Size | 19.5 ft x 86 ft |
| mls© Number | C13226270 |
| Listed By | Royal LePage Real Estate Associates |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $14,332
- Property tax
- $605
- Heat allowance
- $150
- Housing costs
- $15,087 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$464,000
gross annual household income
- Payment at 4%
- $11,783 / mo
- Cash down
- $560,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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