793 King Street West, Toronto (Niagara) - Business for Sale
793 King Street West, Toronto (Niagara), Ontario, M5V1N4
This business in Toronto is for sale offering roughly 7,306 sq ft of space.
Description
Optimum investment opportunity with exceptional rental income . Seven (7) units in a Superb High Visibility Location. Busy Vehicle And Pedestrian Traffic. Also 7 dedicated underground parking spaces included. One Of The Hottest And Rapidly Developing Areas With Several New Condo Developments Nearby. In The Burgeoning Corridor Between King/Bathurst And Liberty Village. Steps away from new Bathurst subway station of the new TTC Ontario Line; AND the TTC streetcar Stops In Front. Includes 7 dedicated Underground Parking spaces . 132 feet frontage combined on King St W. Ownership is retiring. Annual NET revenue (NOI) $565,000 with escalations. Vendor Take Back mortgage is available at favorable terms and Low interest rate. (id:66096)
Property Details
- MLS®
- C13801702
- Property Type
- Business
- Zoning
- Commercial/Residential
- Parking
- 7
- Interior Size
- 7,306 ft²
- Frontage
- 132 ft
- Building Area
- 7,306 ft²
- Heating
- Forced air
- Cooling
- Fully air conditioned
- Garage
- Underground
- Property Tax
- $74,897/yr
- Listed
- 47 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 47 days on market, against an average age of 49 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 (Niagara) has been listed for 47 days, which is 2 days fresher than the city average of 49. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M5V)
This home lists at $12,250,000, about 134.6× the local median household income of $91,000.
Carrying it typically needs a household income of about $2,392,854 (20% down, 25-yr amortization, stress-tested) — roughly 2530% 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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$12,250,000
Toronto