1 Towns Road North, Toronto (New Toronto), Ontario, M8Z1A1
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$3,420,000
Toronto
This industrial property in Toronto is for sale offering roughly 6,194 sq ft of space.
Five long term tenants, no leases. Phase 1 and 2 Environmental Assessment completed and available - no further investigations required. Property owned by same family for 50 years. ( Second floor office space currently vacant four offices and atrium.) Unit 1A- 2 offices & reception area, Unit 1B- 3 offices & reception area, Unit 1C- 3 bays & 2 overhead doors, Unit 1D- 2 bays, 2 overhead doors & 1office, Unit 2- 4offices and large open reception area. Two are automotive repair, three office businesses only. Floor plan and existing survey. Twenty parking spaces on property. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 121 days on market, against an average age of 75 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 industrial in Toronto (New Toronto) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $3,420,000, about 30.8× the local median household income of $111,000.
Carrying it typically needs a household income of about $668,046 (20% down, 25-yr amortization, stress-tested) — roughly 502% above the area median.
Source: Statistics Canada, 2021 Census (FSA M8Z)
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