1853 Lawrence Avenue
Toronto E04, ON
- 2,799 sqft
- Commercial Retail
- 54 days on market
An exceptional mixed-use investment opportunity in a prime Toronto location at Lawrence Ave. E. & Pharmacy Ave. This well-maintained commercial/residential property offers immediate upside with both owner-user and investor appeal.The main floor features approximately 1,100 sq. ft. of retail space, currently vacant, providing the flexibility to establish your own business or secure a new tenant at today's market rents. The zoning permits a wide variety of retail and commercial uses, including a restaurant, café, barber shop, salon, spa, professional office, convenience retail, and many other permitted operations.The approximately 900 sq. ft. basement will be delivered vacant on closing, offering valuable additional space for storage, office use, or business operations. The retail unit is also being offered for lease at $3,500/month plus TMI, presenting an excellent leasing opportunity for investors.The upper residential unit is currently tenanted on a month-to-month basis, generating $1,930 per month, providing immediate rental income with future flexibility.With strong income potential and a projected capitalization rate exceeding 6.7%, this property represents an outstanding opportunity for investors seeking stable cash flow and long-term appreciation, as well as owner-operators looking to occupy the commercial space while benefiting from residential rental income.Ideally situated in a high-traffic corridor with excellent visibility, strong pedestrian exposure, TTC access, and close proximity to major highways, schools, and established residential neighbourhoods. A rare chance to own a versatile mixed-use asset in one of Toronto's sought-after commercial districts with significant upside potential.
Listing Details
- Taxes (2026)
- $8,422
- Listed
- July 17, 2026
Price History
Property
- Lot Size
- 19.01 x 147.18 Feet
Parking
- Garage
- Plaza
Utilities
- Sewer
- Storm Available
Location & Legal
- Cross Street
- Lawrence Ave & Pharmacy Ave
- Zoning
- Mix - Commercial/Retail
- Parcel Number
- 000
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Retail Store Related
- Office / Apartment Area
- 1100 Sq Ft
Community
Postal area M1R
- Population
- 30,467
- Private dwellings
- 11,476
- Median age
- 41.2
- Average household size
- 2.8
- Median household income
- $81,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Toronto E04 · last 12 months
- Median sold price
- $810,000
- Homes sold
- 633
- Median days on market
- 20
- Sale-to-list price
- 99.1%
Based on 633 recorded sales of commercial properties in Toronto E04 over the last 12 months.
Listed by
RE/MAX MILLENNIUM REAL ESTATE
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 2,799 sq ft
- Price per sq ft
- $357.27
- Annual property tax
- $8,422
- Tax per sq ft
- $3.01
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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