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124 Portland Street
$6,200,000 Sale
Listed 47 days ago
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· 5
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Listing History
Buy/Sell/Terminated/Expired listing history for 124 Portland Street
Key Facts
Key facts for 124 Portland Street
Property Type
Commercial
Parking
Outside/Surface
MLS #
W12258643
Size
-
Basement
-
Listed on
2025-07-03
Lot size
130 x 125.0
Tax
$13,601.58 /yr
Days on Market
48
Approximate Age
-
Maintenance Fee
-
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 gene...rates 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.
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Courtesy of: RE/MAX REALTRON REALTY INC.