1167 Dundas Street West, Toronto (Trinity-Bellwoods) - Business for Sale
1167 Dundas Street West, Toronto (Trinity-Bellwoods), Ontario, M6J1X3
This business in Toronto is for sale offering roughly 2,807 sq ft of space. It has been on the market 45 days, fresher than the Toronto average of 48 days.
Description
Located a few steps from Ossington Ave. in the Trinity-Bellwoods neighbourhood, this 3 storey property is configured as main floor commercial, 2 x 3 bedroom apartments with decks above, and separate basement unit used for storage/studio below. 1167 Dundas St W. offers an excellent opportunity for an investor to purchase a building in one of the most dynamic areas in Toronto. The Main floor is leased to an established and successful clothing retailer. The second floor 3 bedroom and basement are leased on a month to month basis. The 3rdfloor, newly renovated 3 bedroom apartment is vacant allowing a buyer to occupy the unit or set their own rents. All tenants are paying close to market rent meaning this property boasts the potential of achieving an estimated cap rate of over 5%. (id:66096)
Property Details
- MLS®
- C13814822
- Property Type
- Business
- Zoning
- CR 2.5 (c1.0; r2.0) SS2 (x2264)
- Bathrooms
- 4
- Parking
- 1
- Interior Size
- 2,807 ft²
- Lot Size
- 15 × 89 ft (1,286 sq ft)
- Frontage
- 15 ft
- Heating
- Baseboard heaters
- Cooling
- None
- Property Tax
- $12,606.72/yr
- Listed
- 45 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 45 days on market, against an average age of 48 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 (Trinity-Bellwoods) has been listed for 45 days, which is 3 days fresher than the city average of 48. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M6J)
This home lists at $2,395,000, about 26.6× the local median household income of $90,000.
Carrying it typically needs a household income of about $467,827 (20% down, 25-yr amortization, stress-tested) — roughly 420% 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)
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$2,395,000
Toronto