14 Mccaul Street, Toronto (Kensington-Chinatown) - Business for Sale
14 Mccaul Street, Toronto (Kensington-Chinatown), Ontario, M5T1V6
This business in Toronto is for sale. It has been on the market 42 days, fresher than the Toronto average of 81 days.
Description
14 McCaul Street | Commercial Building for Owner Use, Investment or Future DevelopmentJust north of Queen Street West in downtown Toronto, 14 McCaul Street is a three-storey brick-and-beam commercial building with approximately 24,000 sq. ft. of rentable area. Main-floor premises are available for a purchaser's own use. OCAD University, the Art Gallery of Ontario, Osgoode subway station and the University Avenue hospital district are within walking distance.The building offers approximately 6,000 sq. ft. per level across three above-grade storeys and a semi-basement. A freight elevator connects all four levels. Rear loading access and 600-amp, three-phase electrical service support the building's commercial operations. A purchaser may also explore a modest increase in density while retaining the existing building. A structural engineer has indicated that a two-storey addition may be feasible with minor reinforcement, subject to detailed engineering and municipal approvals. For longer-term redevelopment, a separate illustrative 20-storey concept has been prepared. Its proposed height and density have not been approved. (id:66096)
Property Details
- MLS®
- C13826508
- Property Type
- Business
- Zoning
- CR
- Bathrooms
- 10
- Lot Size
- 65 × 110 ft (7,161 sq ft)
- Frontage
- 65 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $120,000/yr
- Listed
- 42 days ago
Features
- Lot Features
- Irregular lot size, Elevator
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 42 days on market, against an average age of 81 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 (Kensington-Chinatown) has been listed for 42 days, which is 39 days fresher than the city average of 81. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M5T)
This home lists at $23,985,000, about 389.4× the local median household income of $61,600.
Carrying it typically needs a household income of about $4,685,110 (20% down, 25-yr amortization, stress-tested) — roughly 7506% above the area median.
- Median household income
- $61,600
- Population
- 17,903
- Median age
- 36
- Owner / renter
- 32% / 68%
- Avg. household size
- 1.9
Source: Statistics Canada, 2021 Census (FSA M5T)
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$23,985,000
Toronto