Overview

This retail property in Toronto is for sale offering roughly 3,156 sq ft of space.

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Description

Located in Toronto's Liberty Village & Surrounded by various business, amenities are next to the building. Toronto Transit two minutes walk from the building. Excellent owner operator or investment property opportunity. Immediate access to Gardiner expressway, CNE, downtown Toronto 15 mintues TTC ride. 2nd Floor consists of two bedroom separate rental units. One unit just been fully renovated with new appliances. Main floor rented by a retail beauty clinic. Immediate upside available with opportunity to increase rents to market rent rates. All tenants are month to month. Tenant may sign a new leases with the new landlord. (id:66096)

Property Details

MLS®: W13502662
Property Type: Retail
Business Type: Personal Services
Zoning: Mixed Use Commercial
Bathrooms: 5
Parking: 2
Interior Size: 3,156 ft²
Frontage: 20 ft
Building Area: 3,156 ft²
Heating: Baseboard heaters
Cooling: Fully air conditioned
Property Tax: $16,651/yr
Listed: 128 days ago

Market Timing

Days on market

128d

Toronto (South Parkdale) listings, avg age

65d

Price / ft²

$760

List price

$2.40M

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

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Area context

Neighbourhood profile (M6K)

This home lists at $2,400,000, about 33.3× the local median household income of $72,000.

Carrying it typically needs a household income of about $468,804 (20% down, 25-yr amortization, stress-tested) — roughly 551% above the area median.

Median household income: $72,000
Population: 42,110
Median age: 35.6
Owner / renter: 31% / 69%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M6K)

$2,400,000· $760/ft²

For sale

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Financing

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110 Atlantic Avenue, Toronto (South Parkdale) - Retail for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M6K)

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