1096 Queen Street West, Toronto (Little Portugal) - Business for Sale
1096 Queen Street West, Toronto (Little Portugal), Ontario, M6J1H9
This business in Toronto is for sale offering roughly 6,600 sq ft of space.
Description
Property being offered to market at a 5.5% cap rate !!! CAREFREE INVESTMENT WITH GREAT UPSIDE - 33 FT. FRONTAGE ON QUEEN WEST WITH 100FT. DEPTH - 3,300 SQ. FT ON THE MAIN FLOOR W/ 18 FT.CEILINGS - 2,300 SQ. FT ON 2ND FLOOR COUPLED WITH A 1,000 SQ. FT REINFORCED ROOF DECK - FULLY LEASED * SUCCESSFUL HOSPITALITY TENANTS (id:66096)
Property Details
- MLS®
- C13716162
- Property Type
- Business
- Zoning
- COMM
- Interior Size
- 6,600 ft²
- Lot Size
- 33 × 100 ft (3,333 sq ft)
- Frontage
- 33 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $36,783/yr
- Listed
- 71 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 71 days on market, against an average age of 71 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 (Little Portugal) has been listed for 71 days, right at the city average. A solid opportunity worth looking into.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M6J)
This home lists at $5,100,000, about 56.7× the local median household income of $90,000.
Carrying it typically needs a household income of about $996,209 (20% down, 25-yr amortization, stress-tested) — roughly 1007% above the area median.
- Median household income
- $90,000
- Population
- 32,111
- Median age
- 36.8
- Owner / renter
- 49% / 51%
- Avg. household size
- 2
Source: Statistics Canada, 2021 Census (FSA M6J)
Book a showing
Pick a time that suits you. A verified local agent confirms within 24h.
Buying this business?
Acquisition financing works differently from a property mortgage. Tell our partner brokers at iShopRates what you are buying and they will come back with options.
Ask about acquisition financing →
$5,100,000
Toronto