514A Evans Avenue, Toronto W06, ON M8W 2T7

514A Evans Avenue is a rare turnkey commercial freehold in the heart of Alderwood - a South Etobicoke neighbourhood experiencing one of the city's most active redevelopment cycles. Fully renovated in 2022, the property offers 800 sq ft of street-level retail and 800 sq ft of finished lower-level office space across two self-contained units.The lower-level office is currently leased and generating immediate income. The main-level commercial space has a strong leasing history with financials available - a proven asset ready for its next tenant.Structurally engineered to support an additional floor, the property carries genuine long-term upside beyond its current footprint. Positioned on high-traffic Evans Avenue with prominent signage exposure, it sits minutes from the Gardiner Expressway, QEW, Highway 427, and Sherway Gardens - and is surrounded by an accelerating wave of condo, mixed-use, and commercial developments reshaping the neighbourhood.Whether you're an investor seeking stable income, an owner-operator ready to occupy the main level, or a developer positioning for the next density cycle - this property is built for all three.