391 Lumsden Avenue, Toronto, ON M4C 2L6
Toronto E03
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 391 Lumsden Avenue, Toronto, ON M4C 2L6
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MLS# E13533576
Listed by CITY PLUS REALTY INC.
On market since Jul 7, 2026
391 Lumsden Avenue, Toronto, ON M4C 2L6 is listed for $1,880,000 CAD.
391 Lumsden Avenue, Toronto, ON M4C 2L6 is a Investment, 6,114 sq ft.
391 Lumsden Avenue, Toronto, ON M4C 2L6 is in Toronto E03, Ontario.
391 Lumsden Avenue, Toronto, ON M4C 2L6 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 391 Lumsden Avenue, Toronto, ON M4C 2L6 (MLS# E13533576). You can also send a message through the contact form on this site.
