NewFor Sale

124 Portland Street
Toronto W06, Toronto, ON, M8Y 1B2

Industrial
TRREB
MLS® Number: W12258643
$6,200,000List Price
IndustrialProperty Type
14,327 sq ftSize
$13,601.58 / 2024Taxes (Annual)
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Property Location

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Listing History

Buy/sell history for 124 Portland Street, Toronto W06, ON M8Y 1B2

0 Transactions by CPRB Agents

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Description

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.

Features

No features available

Amenities

No amenities available

Summary

Tax (Annual):$13,601.58 / 2024
Listing #:W12258643
Property Type:Industrial
Size:14,327 sq ft
Land Size:130 x 125
Days on CPRB:
Garage:Outside/Surface
Locker:None
On CPRB Since:
Listing Brokerage:RE/MAX REALTRON REALTY INC.

Rooms

Details

Property

Property Type:Industrial
Community:Mimico
Municipality:Toronto

Building

Size:14,327 sq ft

Inside

Bedrooms:0
Bathrooms:5
Kitchens:0
Family Room:No

Parking

Garage Type:Outside/Surface
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Yes
Heating Type:Gas Forced Air Open

Land

Cross Street:ROYAL YORK & EVANS

$6,200,000

List price

124 Portland Street, Toronto W06 – Industrial for sale · MLS® # W12258643 | CPRB