514A Evans Ave - Excellent investment opportunity in Alderwood, a rapidly growing South Etobicoke community. This fully renovated freehold unit (2022) features 800 sq. ft. main-level commercial space and 800 sq. ft. finished basement office (currently leased), generating immediate income. Structurally fitted to add an additional floor, offering significant future upside. Prime exposure on busy Evans Avenue, minutes to Gardiner, QEW, Hwy 427, and Sherway Gardens. Surrounded by new condo, mixed-use, and redevelopment projects, Alderwood is experiencing strong population growth and commercial demand, providing both stable cash flow and long-term appreciation potential.
Address
514A Evans Avenue
List Price
$899,999
MLS® Status
New
Expiration Date
2026-07-26
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Toronto W06
Sub-Area
Alderwood
Region
Toronto
Bathrooms
2
Lot Depth
120.17
Lot Type
Lot
Lot Size Units
Feet
Lot Width
16.01
Parcel Number
75680098
Total Building Area
1600
Occupant Type
Owner+Tenant
Cross Street
Evans Ave./Browns Line
MLS® Number
W12926008
Listing Brokerage
EXP REALTY
| KAY REAL ESTATE LTD.
Basement
Yes
Postal Code
M8W 2T7
Parking Spaces
6
Tax Amount
$8,326.00
Tax Year
2025
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
Outside/Surface
Security Features
Yes
Sewer
Sanitary+Storm Available
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