514A Evans Avenue is a rare turnkey commercial freehold in the heart of Alderwood - a South Etobicoke neighbourhood experiencing one of the city's most active redevelopment cycles. Fully renovated in 2022, the property offers 800 sq ft of street-level retail and 800 sq ft of finished lower-level office space across two self-contained units.The lower-level office is currently leased and generating immediate income. The main-level commercial space has a strong leasing history with financials available - a proven asset ready for its next tenant.Structurally engineered to support an additional floor, the property carries genuine long-term upside beyond its current footprint. Positioned on high-traffic Evans Avenue with prominent signage exposure, it sits minutes from the Gardiner Expressway, QEW, Highway 427, and Sherway Gardens - and is surrounded by an accelerating wave of condo, mixed-use, and commercial developments reshaping the neighbourhood.Whether you're an investor seeking stable income, an owner-operator ready to occupy the main level, or a developer positioning for the next density cycle - this property is built for all three. (id:64876)
| MLS® Number | W12926008 |
| Property Type | Retail |
| Community Name | Alderwood |
| Parking Space Total | 6 |
| Bathroom Total | 2 |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 1,600 Ft2 |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 120 Ft ,2 In |
| Size Frontage | 16 Ft |
| Size Irregular | 16.01 X 120.17 Ft |
| Size Total Text | 16.01 X 120.17 Ft |
| Zoning Description | E-1 |
https://www.realtor.ca/real-estate/29521938/514a-evans-avenue-toronto-alderwood-alderwood
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