391 Lumsden Avenue, Toronto, ON M4C 2L6
Toronto E03
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 391 Lumsden Avenue, Toronto, ON M4C 2L6
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MLS# E13533576
Listed by CITY PLUS REALTY INC.
On market since Jul 7, 2026
391 Lumsden Avenue, Toronto, ON M4C 2L6 is listed for $1,880,000 CAD.
391 Lumsden Avenue, Toronto, ON M4C 2L6 is a Investment, 6,114 sq ft.
391 Lumsden Avenue, Toronto, ON M4C 2L6 is in Toronto E03, Ontario.
391 Lumsden Avenue, Toronto, ON M4C 2L6 is currently for sale.
Contact Michael Mezheritsky to arrange a private showing of 391 Lumsden Avenue, Toronto, ON M4C 2L6 (MLS# E13533576). You can also send a message through the contact form on this site.
