391 Lumsden Avenue, Toronto, ON M4C 2L6
Crescent Town, Toronto · Near LUMSDEN AND BURRINGTON · View map
About this home
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.
The home
- Type
- Investment
- Square footage
- 6114 sq ft
- Lot size
- 45.6 x 134 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Open
- Air conditioning
- Yes
Garage & parking
- Garage
- Outside/Surface
- Driveway spaces
- 10
- Total parking
- 10
Taxes & other
- Property taxes
- $17,072/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- LUMSDEN AND BURRINGTON
- Neighbourhood
- Crescent Town
More
- MLS® number
- E13533576
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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.
391 Lumsden Avenue, Toronto, ON M4C 2L6
Crescent Town, Toronto · Near LUMSDEN AND BURRINGTON
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Listing history for 391 Lumsden 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 391 Lumsden Avenue
Answers come straight from this home’s MLS® listing.
How much is 391 Lumsden Avenue listed for, and what would it cost each month?
391 Lumsden Avenue is listed for $1,880,000. With 20% down ($376,000), the mortgage payment would be roughly $7,583 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $9,006 a month, all in. That figure is an illustration, not a quote.
Is 391 Lumsden Avenue freehold or a condo, and is there a monthly fee?
391 Lumsden Avenue is a investment in Crescent Town, 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 391 Lumsden Avenue have a garage and parking?
Yes. The listing shows the garage as outside/surface. The driveway adds 10 spaces. In total the listing counts 10 parking spaces.
What style of home is 391 Lumsden Avenue?
391 Lumsden Avenue is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 391 Lumsden Avenue, and what is the lot size?
The lot is listed as 45.6 x 134 ft.
How is 391 Lumsden Avenue heated and cooled?
Heating is gas forced air open. Cooling is yes.
What are the property taxes for 391 Lumsden Avenue?
Property taxes are $17,072 a year (2026), or about $1,423 a month.
Where is 391 Lumsden Avenue?
391 Lumsden Avenue is in the Crescent Town community of Toronto. The nearest main intersection is LUMSDEN AND BURRINGTON. The postal code is M4C 2L6.
Is 391 Lumsden Avenue still for sale?
Yes. It is an active listing (MLS® E13533576). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 391 Lumsden Avenue asking?
Similar properties for sale nearby right now include 1436 Queen Street W at $1,700,000, 1140 Queen Street E at $1,689,000 and 238 Garden Avenue at $2,125,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 391 Lumsden 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 391 Lumsden 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.