10 Plastics Avenue, Toronto (Stonegate-Queensway) - Business for Sale
10 Plastics Avenue, Toronto (Stonegate-Queensway), Ontario, M8Z4B7
This business in Toronto is for sale offering roughly 12,000 sq ft of space.
Description
Exceptional multi-tenant commercial investment opportunity in South Etobicoke major growth area. This 12,000 SF building is situated on a 0.5-acre site and is fully occupied by 16 tenancies across a diversified mix of retail, wellness, education, professional, personal-service and warehouse uses. Extensive improvements include updated electrical and plumbing systems, insulation, fire-rated partitions, doors, windows, flooring, common areas, HVAC equipment and roofing work. The building offers significant future expansion potential to support additional storeys. Potential expansion of approximately 28,000 SF could bring the total gross floor area to approximately 39,900 SF, subject to verification and all required approvals. Excellent access to Highways 427, 401 and the QEW, with substantial residential intensification planned and underway throughout the surrounding area. An opportunity to acquire stabilized income today with considerable long-term redevelopment and value-add potential. (id:66096)
Property Details
- MLS®
- W13787914
- Property Type
- Business
- Zoning
- E1
- Interior Size
- 12,000 ft²
- Lot Size
- 20,125 sq ft (0.46 ac)
- Frontage
- 70 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $28,253/yr
- Listed
- 50 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 50 days on market, against an average age of 51 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Toronto (Stonegate-Queensway) has been listed for 50 days, which is 1 days fresher than the city average of 51. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M8Z)
This home lists at $9,500,000, about 85.6× the local median household income of $111,000.
Carrying it typically needs a household income of about $1,855,683 (20% down, 25-yr amortization, stress-tested) — roughly 1572% above the area median.
- Median household income
- $111,000
- Population
- 19,312
- Median age
- 40.4
- Owner / renter
- 80% / 20%
- Avg. household size
- 2.5
Source: Statistics Canada, 2021 Census (FSA M8Z)
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$9,500,000
Toronto