20
$2,950,000
507 Queen Street W, Toronto, ON M5V 2B4
Waterfront Communities · C01
3,550 sf
3 weeks on marketMLS® C14001256
Listing courtesy of CUSHMAN & WAKEFIELD
1 / 42
For saleMLS® C13226274
54 Stewart Street, Toronto, ON M5V 1H6
Waterfront Communities · C01 · M5V 1H6
$2,800,000
$933 / sq ft5 months on market
- Bathrooms
- 5
- Total area
- 3,000 sf
- Lot
- 19.5 × 89 ft
What's special
- Yes
About this property
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.
Property details
Property
- Property type
- retail
- Bathrooms
- 5
- Interior size
- 3,000 sq ft
- Lot size
- 19.5 × 89 ft
- Zoning
- CRE (x69)
- Possession
- Flexible
Interior
- Heating
- Gas Forced Air Closed
- Cooling
- Yes
Costs
- List price
- $2,800,000
- Property taxes
- $7,260 / year (2025)
- Price per sq ft
- $933
Listing
- MLS® number
- C13226274
- Status
- For sale
- Listed
- June 2, 2026
- Days on market
- 156
- Last updated
- June 18, 2026
- Listing brokerage
- Royal LePage Real Estate Associates
Price & sale history
This property's sale history is hidden
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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 in line with comparable listings — about 67% of comparable retail listings in Waterfront Communities are asking less.
$42KMedian $2.10M$8.79M
- This home
- $933 / sq ft
- Comparable median
- $903 / sq ft
Based on 18 comparable active retail listings in Waterfront Communities. These are asking prices, not sale prices.
Mortgage estimate
Down payment20.0% · minimum $560,000
Interest rate5-year fixed, illustrative only
Amortization
- Principal & interest
- $12,385.34
- Property tax (est.)
- $605.00
- Estimated monthly
- $12,990
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
- $56,475
- Toronto municipal
- $56,475
- Total due on closing
- $112,950
An estimate on the asking price of $2,800,000. 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.
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Similar properties nearby
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$2,550,000
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