$1,375,000

For sale

1004 Kingston Road, Toronto (East End-Danforth) - Retail for Sale

1004 Kingston Road, Toronto (East End-Danforth), Ontario, M4E1T2

2 parking2,324 ft²Listed 27 days ago

Overview

This retail property in Toronto is for sale offering roughly 2,324 sq ft of space. It has been on the market 27 days, fresher than the Toronto average of 55 days.

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Description

Income-Producing Mixed-Use Building in The Beaches. Exceptional investment opportunity in a prime Toronto community surrounded by popular shops, restaurants, banks, and cafes. Located at the high-traffic intersection of Kingston Road and Victoria Park Avenue, this multi-use property features strong foot and vehicular traffic, plus ample street parking. Main Floor Commercial: A bustling, fully equipped restaurant spanning over 1,200 sq. ft. (MPAC) with seating for up to 30 guests. Includes an 8-ft exhaust hood, walk-in cooler, large basement, and one rear parking space for staff. Lower Level: Features a large office, dedicated prep area, ample storage space, and one bathroom. Upper Level Residential: A spacious 1-bedroom apartment (over 1,000 sq. ft. per MPAC) with a separate entrance, a private rear walk-out deck, and one dedicated parking space. Delivers an annual positive cash flow-a rare turnkey asset in a sought-after neighbourhood. (id:66096)

Property Details

MLS®: E13873796
Property Type: Retail
Zoning: CR2
Parking: 2
Interior Size: 2,324 ft²
Frontage: 19 ft
Building Area: 2,324 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $11,015.72/yr
Listed: 27 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

27d

Toronto (East End-Danforth) listings, avg age

55d

Price / ft²

$592

List price

$1.38M

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.

Haho

This retail in Toronto (East End-Danforth) has been listed for 27 days, which is 28 days fresher than the city average of 55. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · ALI KOMEILIAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4E)

This home lists at $1,375,000, about 12.3× the local median household income of $112,000.

Carrying it typically needs a household income of about $268,586 (20% down, 25-yr amortization, stress-tested) — roughly 140% above the area median.

Median household income: $112,000
Population: 25,473
Median age: 42.8
Owner / renter: 64% / 36%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M4E)

$1,375,000· $592/ft²

For sale

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Financing

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