514A EVANS AVENUE, Toronto (Alderwood)

$899,999

For sale: Other

Other at 514A EVANS AVENUE, Toronto (Alderwood)
Property type
Commercial Retail
Bedrooms / bathrooms
2 bathrooms
MLS®
MLS® W13615554
Neighbourhood
Alderwood

Exceptional opportunity to own a fully renovated commercial property in one of Toronto's fastest-growing west-end corridors. Whether you're an owner-occupier looking for a turnkey space or an investor seeking long-term upside, 514A Evans Avenue offers outstanding flexibility, location, and future potential.The property features approximately 1,600 sq. ft. over two levels, with the 800 sq. ft. main floor vacant and 800 ft vacant lower level. The E 1.0 Employment Industrial zoning permits a wide range of commercial uses, including professional offices, service businesses, production studios, custom workshops, technology and software development, and more.Positioned in an area undergoing significant transformation, the property stands to benefit from substantial nearby redevelopment, with more than 1,100 new residential units planned in the surrounding community. This continued growth is expected to increase local population density, strengthen demand for commercial services, and enhance the area's long-term appeal.Located just minutes from CF Sherway Gardens and offering exceptional access to the QEW, Gardiner Expressway, and Highway 427, the property provides outstanding connectivity to downtown Toronto, Mississauga, and Pearson International Airport.Additional value may exist through the potential for a second-storey addition or building expansion, subject to City approvals, zoning review, applicable permits, and the buyer's own due diligence.A rare opportunity to secure a renovated commercial property in a thriving location with immediate usability, strong investment fundamentals, and exciting future growth prospects

Sold data

Other homes in Toronto (Alderwood) — recent sold market

Other homes in Toronto (Alderwood) took a median of 39 days to sell over the last 365 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 91, across 37 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 102 days.

The median sale price was $59,000.

Homes sold for about 9.1% below asking on average, so there was room to negotiate.

About 5% of sales closed above the list price.

Around 14% of sellers reduced their price before finding a buyer.

Median days to sell
39
Median sale price
$59,000
Sale-to-list ratio
90.9%
Sold above asking
5%

Based on 37 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Toronto (Alderwood)

Toronto (Alderwood) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.

Rated schools
529
Elementary
425
Secondary
104
Average rating
6.2 / 10

Top-rated schools in Toronto (Alderwood)

  • Cottingham — elementary, TorontoFraser rating 10.0/10
  • High Park Alternative — elementary, TorontoFraser rating 10.0/10
  • Northmount — elementary, TorontoFraser rating 10.0/10
  • Sathya Sai — elementary, TorontoFraser rating 10.0/10
  • St Michael's Choir — secondary, TorontoFraser rating 10.0/10
  • St Sebastian — elementary, TorontoFraser rating 10.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 514A EVANS AVENUE