1853 Lawrence Avenue, Toronto, ON M1R 2Y3
Wexford-Maryvale, Toronto · Near Lawrence Ave & Pharmacy Ave · View map
About this home
An exceptional mixed-use investment opportunity in a prime Toronto location at Lawrence Ave. E. & Pharmacy Ave. This well-maintained commercial/residential property offers immediate upside with both owner-user and investor appeal.The main floor features approximately 1,100 sq. ft. of retail space, currently vacant, providing the flexibility to establish your own business or secure a new tenant at today's market rents. The zoning permits a wide variety of retail and commercial uses, including a restaurant, café, barber shop, salon, spa, professional office, convenience retail, and many other permitted operations.The approximately 900 sq. ft. basement will be delivered vacant on closing, offering valuable additional space for storage, office use, or business operations. The retail unit is also being offered for lease at $3,500/month plus TMI, presenting an excellent leasing opportunity for investors.The upper residential unit is currently tenanted on a month-to-month basis, generating $1,930 per month, providing immediate rental income with future flexibility.With strong income potential and a projected capitalization rate exceeding 6.7%, this property represents an outstanding opportunity for investors seeking stable cash flow and long-term appreciation, as well as owner-operators looking to occupy the commercial space while benefiting from residential rental income.Ideally situated in a high-traffic corridor with excellent visibility, strong pedestrian exposure, TTC access, and close proximity to major highways, schools, and established residential neighbourhoods. A rare chance to own a versatile mixed-use asset in one of Toronto's sought-after commercial districts with significant upside potential.
The home
- Type
- Commercial retail
- Square footage
- 2799 sq ft
- Lot size
- 19 x 147.2 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Garage
- Plaza
- Total parking
- None
Taxes & other
- Property taxes
- $8,422/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- Flex
- Cross street
- Lawrence Ave & Pharmacy Ave
- Neighbourhood
- Wexford-Maryvale
More
- MLS® number
- E13579286
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
1853 Lawrence Avenue, Toronto, ON M1R 2Y3
Wexford-Maryvale, Toronto · Near Lawrence Ave & Pharmacy Ave
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Listing history for 1853 Lawrence Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 1853 Lawrence Avenue
Answers come straight from this home’s MLS® listing.
How much is 1853 Lawrence Avenue listed for, and what would it cost each month?
1853 Lawrence Avenue is listed for $999,999. With 20% down ($200,000), the mortgage payment would be roughly $4,034 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $4,736 a month, all in. That figure is an illustration, not a quote.
Is 1853 Lawrence Avenue freehold or a condo, and is there a monthly fee?
1853 Lawrence Avenue is a commercial retail in Wexford-Maryvale, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 1853 Lawrence Avenue have a garage and parking?
Yes. The listing shows the garage as plaza. The listing does not include a parking space.
What style of home is 1853 Lawrence Avenue?
1853 Lawrence Avenue is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 1853 Lawrence Avenue, and what is the lot size?
The lot is listed as 19 x 147.2 ft.
How is 1853 Lawrence Avenue heated and cooled?
Heating is gas forced air closed. Cooling is yes.
What are the property taxes for 1853 Lawrence Avenue?
Property taxes are $8,422 a year (2026), or about $702 a month.
Where is 1853 Lawrence Avenue?
1853 Lawrence Avenue is in the Wexford-Maryvale community of Toronto. The nearest main intersection is Lawrence Ave & Pharmacy Ave. The postal code is M1R 2Y3.
Is 1853 Lawrence Avenue still for sale?
Yes. It is an active listing (MLS® E13579286). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 1853 Lawrence Avenue asking?
Similar properties for sale nearby right now include 9 - 328 Passmore Avenue at $950,000, 113 - 101 Westmore Drive at $1,099,000 and 4 - 680 Rexdale Blvd Boulevard at $899,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 1853 Lawrence Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 1853 Lawrence Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.