About this property

Owned by the same owner since 1977, this is one of the very few long-established commercial freehold properties remaining in a high-density residential neighborhood surrounded by apartment buildings. The property is strategically located on the corner of Lumsden Avenue and Barrington Avenue. It features approximately 2,300 sq. ft. of above-grade commercial space plus a full basement, situated on a 6,114 sq. ft. lot. The property is currently leased to a stable tenant under a Net Lease expiring in March 2030, generating a rental income of $5,600/month Net Rent plus $1,500/month TMI, providing immediate and reliable cash flow for investors. An additional advantage is that the current owner also owns the adjacent property, creating a potential future assembly opportunity. For developers or long-term investors, this could represent an excellent redevelopment opportunity in the future, subject to applicable approvals.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	E13533576
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	6,114 sq ft
Beds / Baths	0 bed · 0 bath
Neighbourhood	Crescent Town
City	Danforth / East York
Postal Code	M4C 2L6
Province	ON
Listed Date	July 7, 2026
Days on Market	30
Price per Sq Ft	$307
Brokerage	CITY PLUS REALTY INC.