$1,880,000
( $307.49Per Sq Foot )
 $10,092 est/mo Sourced by Back At You

391 Lumsden Avenue,Toronto E03, ON M4C 2L6

Toronto E03, ON M4C 2L6

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Description

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.

Details

MLS #E13533576
Listing TypeFor Sale
Sub-TypeResale
StatusPrice Change
Year0
Days On Site124
Listing Provided ByCITY PLUS REALTY INC. | E13533576 120800

Features

SQ Feet6,114
Acreage0.14

Interior

CoolingYes

Utilities

UtilitiesYes

Taxes

Tax Annual Amount17071.52
Tax TypeAnnual
Tax Year2026

Area Information

ProvinceON
CountyToronto
CityToronto E03
Postal CodeM4C 2L6
AreaCrescent Town
Listing VS Median (in M4C 2L6)
Price:
$1,880,000
low | high
Med:
$1,880,000
50% of Average
sqft:
6,114
low | high
Med:
6,114
50% of Average
$ / sqft:
$307
low | high
Med:
$307
50% of Average
On site:
124
low | high
Med:
124
100% of Average
Sourced by Back At You

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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Learn More About This Property

ADNAN MIAN

ADNAN MIAN

Coldwell Banker The Real Estate Centre

Real Estate BrokerPMP (416) 702-7378amian32@gmail.com
ProvinceON
CountyToronto
CityToronto E03
Postal CodeM4C 2L6
AreaCrescent Town
Listing VS Median (in M4C 2L6)
Price:
$1,880,000
low | high
Med:
$1,880,000
50% of Average
sqft:
6,114
low | high
Med:
6,114
50% of Average
$ / sqft:
$307
low | high
Med:
$307
50% of Average
On site:
124
low | high
Med:
124
100% of Average
Sourced by Back At You
Listing Updated: September 29, 2026 at 11:35:05 PM PDT

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ADNAN MIAN

3485B Kingston Road
Toronto, Ontario M1M 1R4
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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.
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