557 Dixon Road, Toronto (West Humber-Clairville) - Business for Sale
557 Dixon Road, Toronto (West Humber-Clairville), Ontario, M9W6K1
This business in Toronto is for sale. It has been on the market 9 days, fresher than the Toronto average of 59 days.
Description
**Excellent Investment Opportunity - 557 Dixon Road, Etobicoke** Opportunity to acquire an income-producing, multi-tenant commercial plaza offering approximately 37,180 sq. ft. of rentable area and 97% leased occupancy. Strategically located along the highly visible Dixon Road corridor, the property benefits from convenient access to Highway 401, major arterial roads, public transit and the Toronto Pearson Airport employment district, providing excellent regional connectivity throughout Toronto and the western GTA. The plaza features a diverse tenant mix spanning restaurants, food production, office, healthcare, personal services, showroom and retail uses, including established tenants such as St. Louis Bar & Grill, Sumaq, Canadian Red Cross and District Lodge #78. Additional income is generated through highway pylon signage. With only one remaining vacancy of approximately 1,112 sq. ft. and leases extending through 2031, this property offers a strong existing income base with further upside through lease-up of the available space. (id:66096)
Property Details
- MLS®
- W14121310
- Property Type
- Business
- Zoning
- E1
- Frontage
- 427 ft
- Building Area
- 38,000 ft²
- Heating
- Forced air
- Cooling
- Fully air conditioned
- Property Tax
- $122,672.84/yr
- Listed
- 9 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 9 days on market, against an average age of 59 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 (West Humber-Clairville) has been listed for 9 days, which is 50 days fresher than the city average of 59. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M9W)
This home lists at $14,999,000, about 176.5× the local median household income of $85,000.
Carrying it typically needs a household income of about $2,929,830 (20% down, 25-yr amortization, stress-tested) — roughly 3347% above the area median.
- Median household income
- $85,000
- Population
- 40,977
- Median age
- 38.8
- Owner / renter
- 58% / 42%
- Avg. household size
- 2.9
Source: Statistics Canada, 2021 Census (FSA M9W)
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$14,999,000
Toronto