54 / 56 Stewart Street
54 / 56 Stewart Street
$5,600,000
$747/sq ft · 53 days on market
About This Listing
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.
| Monthly Mortgage (P&I) | $24,399 |
| Property Tax (MLS) | $897 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $25,295 |
Down payment: $1,120,000 (20.0%) · Mortgage: $4,480,000
Property tax uses MLS annual tax of $10,758/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by Royal LePage Real Estate Associates
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Data last updated: August 23, 2026 at 10:25 a.m.