1602 Eglinton Avenue W
1602 Eglinton Avenue W
$1,599,000
$565/sq ft · 29 days on market
About This Listing
Exceptional Mixed-Use Investment & Redevelopment Opportunity! Fully leased with strong, stable income and a cap rate at 7.35% this prime commercial property offers immediate cash flow and outstanding future upside. Featuring two fully leased street-front commercial units, rear laneway access, basement, rear parking, and 26.18 ft frontage, this is an ideal asset for investors and developers alike. Located just steps to Eglinton West Subway Station, GO Transit, and the Eglinton Crosstown LRT, the property is situated in one of Toronto's fastest-growing transit-oriented communities. Excellent redevelopment potential with a proposed 10-storey mixed-use building, featuring approximately 19 residential units plus ground-floor commercial space, with over 14,000 sq. ft. of proposed GFA, subject to municipal approvals. Located within a Major Transit Station Area (MTSA), offering exceptional long-term growth and value.
| Monthly Mortgage (P&I) | $6,967 |
| Property Tax (MLS) | $961 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $7,928 |
Down payment: $319,800 (20.0%) · Mortgage: $1,279,200
Property tax uses MLS annual tax of $11,537/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Empire Midtown Condos
Red Bricks Databy Empire Communities, Trolleybus Urban Development Inc · 1603 Eglinton Ave W
Maint. Fees
0.45
Parking
$42,000
Locker
$6,000
Occupancy
2020
Listing provided by SUTTON GROUP-ADMIRAL REALTY INC.
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Data last updated: August 22, 2026 at 04:26 p.m.