1841-1859 Lawrence Ave E
Toronto, ON M1R 2Y3 Wexford-Maryvale

• Unit Size: 1,100 SF
• Condo Use: Retail
• Price: $709,169 USD
• Sale Type: Investment
• Price/SF: $644.70 USD

Description

Mixed-use commercial and residential property located at 1853 Lawrence Avenue East in Toronto's Wexford-Maryvale community. The property contains retail space, an upper residential unit, and a basement area. The retail space is currently vacant, the residential unit is occupied on a month-to-month tenancy, and the zoning is identified as mixed commercial/retail. The site has approximately 19 feet of frontage and a lot depth of approximately 147.2 feet. Heating is forced air with natural gas and the property is served by municipal water.

Sale Notes

1853 Lawrence Avenue East presents an opportunity to acquire a mixed-use commercial and residential asset positioned at the intersection of Lawrence Avenue East and Pharmacy Avenue in Toronto's Wexford-Maryvale community. The property combines a street-facing commercial component with an upper residential unit, creating a blend of income generation and future occupancy flexibility.
The ground-floor retail space is currently vacant, allowing an owner-occupier to establish a business presence immediately or an investor to pursue leasing at prevailing market rates. The property's zoning permits a variety of commercial uses, including retail, restaurant, café, personal service, office, and convenience-oriented operations. The basement is expected to be delivered vacant at closing, creating additional flexibility for storage, operational support, or future adaptation subject to applicable regulations.
The residential unit is currently occupied on a month-to-month tenancy, providing in-place income while preserving future optionality for the next owner. The property's location along Lawrence Avenue East benefits from visibility to passing traffic, access to public transit, and connectivity to surrounding residential neighbourhoods that support local commercial activity. Its proximity to major transportation routes further enhances accessibility for customers, employees, and service providers.
The combination of vacant commercial space, residential income, flexible zoning, and a well-established Toronto location creates a versatile ownership opportunity suited to investors and owner-users seeking a mixed-use asset with multiple paths for value creation and occupancy.