56 KING STREET EAST
Cornerstone · L9H5N5
$2,495,000
About this residence
A rare and exciting mixed-use investment opportunity in the very heart of downtown Dundas! Perfectly positioned within the vibrant Dundas BIA, this standout property offers a prime commercial storefront paired with three spacious residential apartments — a dream combination for investors and owner-operators alike. The street-level commercial space spans approximately 1,200 square feet and benefits from excellent visibility, steady foot traffic, and an unbeatable downtown presence. Above and behind the storefront, you’ll find three beautifully maintained apartments totaling approximately 3,400 square feet, all offering strong income potential. The residential component includes two generous 3-bedroom, 2-bathroom units with in-suite laundry, plus a ground-floor studio apartment. Five on-site parking spaces add even more value and convenience. Meticulously cared for from top to bottom, this is a turnkey opportunity in one of Dundas’ most sought-after locations. Reach out today for full financials and additional details — opportunities like this don’t come along often! (id:61366)
Property details
- Property type
- Other
- Style
- Residential Commercial Mix
- Ownership
- Freehold
- Storeys
- 2
- Living area
- 4,600 sq ft
- Lot size
- 0.13
- Frontage
- 29 feet
- Parking
- 5 spaces
- Annual tax
- $15,043
- MLS®
- 40802031
- Board
- Cornerstone
- Status
- Active
- Listed
- Feb 2, 2026
- Updated
- Jul 14, 2026
Features & finishes
Basement
- Partial
Exterior
- Brick
Lot
- Southern exposure
- Visual exposure
Sewer & Utilities
- Municipal sewage system
- Electricity
- Natural Gas
- Telephone
Community
- High Traffic Area
Financing
Estimated monthly payment
$11,668/mo
Loan amount
$1,996,000
Down payment
$499,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Cornerstone
Nearby
About the area
Census · L9H- 31,221
- Population
- 50
- Median age
- $106,000
- Median income
- $850,000
- Median home value
- 78%
- Home ownership
- 27 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 56 KING STREET EAST?
56 KING STREET EAST is listed for $2,495,000, in Cornerstone.
What type of home is 56 KING STREET EAST?
56 KING STREET EAST is a Other, Residential Commercial Mix set over 2 storeys.
How large is 56 KING STREET EAST?
The home offers approximately 4,600 sq ft of living space on a lot measuring 0.13.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $11,668. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $15,043 per year.
Is there parking?
Yes — 56 KING STREET EAST includes 5 parking spaces.
What is the Cornerstone area like?
Cornerstone has a population of about 31,221, a median age of 50, a 78% home-ownership rate, with an average commute of about 27 minutes.
What is the average home value in Cornerstone?
The median dwelling value in this area is approximately $850,000, based on census data via Neighbourly.
What is the median household income in Cornerstone?
The median household income in this area is approximately $106,000.
Similar residences
Comparable Residential Commercial Mix near Cornerstone at a similar price.
Private viewings
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