54 / 56 Stewart Street, Toronto, ON M5V 1H6
Waterfront Communities · C01 · M5V 1H6
$5,600,000
$747 / sq ft5 months on market
- Total area
- 7,500 sf
- Lot
- 40.5 × 88 ft
What's special
- Partial
About this property
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
Property
- Property type
- investment
- Interior size
- 7,500 sq ft
- Lot size
- 40.5 × 88 ft
- Zoning
- Cre
- Possession
- Flexible
Interior
- Heating
- Gas Forced Air Closed
- Cooling
- Partial
Costs
- List price
- $5,600,000
- Property taxes
- $10,758 / year (2025)
- Price per sq ft
- $747
Listing
- MLS® number
- C13150438
- Status
- For sale
- Listed
- May 20, 2026
- Days on market
- 169
- Last updated
- June 18, 2026
- Listing brokerage
- Royal LePage Real Estate Associates
Price & sale history
This property's sale history is hidden
TRREB rules require a free account before sold and leased prices can be shown. One registration unlocks full sale history across the site.
Unlock sale history & sold priceFree. Takes about twenty seconds.
Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced above most comparable listings — about 82% of comparable multi-unit / investment listings in Toronto are asking less.
- This home
- $747 / sq ft
- Comparable median
- $699 / sq ft
Based on 96 comparable active multi-unit / investment listings in Toronto. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $24,770.69
- Property tax (est.)
- $896.51
- Estimated monthly
- $25,667
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $126,475
- Toronto municipal
- $174,475
- Total due on closing
- $300,950
An estimate on the asking price of $5,600,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of Royal LePage Real Estate Associates. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
Unlock nearby sold pricesFree. Takes about twenty seconds.