530 Richmond Street West, Toronto (Waterfront Communities) - Business for Sale
530 Richmond Street West, Toronto (Waterfront Communities), Ontario, M5V1Y4
This business in Toronto is for sale offering roughly 2,224 sq ft of space. It has been on the market 17 days, fresher than the Toronto average of 57 days.
Description
Fully renovated duplex with flexible CRE (Commercial Residential Employment) zoning permitting residential, retail and office use. The property features 4 bedrooms, 3 bathrooms, 2 full kitchens, 2 laundries and 2 expansive decks across two-and-a-half floors, upper unit consists of 1126 sqft, lower unit 1098 sqft Both units are tenanted on a month-to-month basis. Freehold ownership in one of the city's most walkable pockets, all the space of a house with none of the monthly fees of a condo. Turnkey finishes throughout, minimal maintenance, exceptional location. (id:66096)
Property Details
- MLS®
- C14096804
- Property Type
- Business
- Zoning
- CRE (Commercial Residential Employment)
- Bedrooms
- 4
- Interior Size
- 2,224 ft²
- Lot Size
- 19 × 63 ft (1,194 sq ft)
- Frontage
- 18 ft
- Heating
- Baseboard heaters
- Cooling
- Fully air conditioned
- Property Tax
- $7,231.69/yr
- Listed
- 17 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 17 days on market, against an average age of 57 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 4-bed business in Toronto (Waterfront Communities) has been listed for 17 days, which is 40 days fresher than the city average of 57. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M5V)
This home lists at $1,349,000, about 14.8× the local median household income of $91,000.
Carrying it typically needs a household income of about $263,507 (20% down, 25-yr amortization, stress-tested) — roughly 190% above the area median.
- Median household income
- $91,000
- Population
- 59,912
- Median age
- 32
- Owner / renter
- 42% / 58%
- Avg. household size
- 1.6
Source: Statistics Canada, 2021 Census (FSA M5V)
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$1,349,000
Toronto