$1,578,000

For saleJust listed

1118 Queen Street East, Toronto (South Riverdale) - Retail for Sale

1118 Queen Street East, Toronto (South Riverdale), Ontario, M4M1K8

1,971 ft²15 × 85 ft (1,233 sq ft) lot sizeListed Today

Overview

This retail property in Toronto is for sale offering roughly 1,971 sq ft of space. It has been on the market 0 days, fresher than the Toronto average of 46 days.

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Description

Exceptional investment opportunity in the heart of vibrant Leslieville! Ideally situated along the highly sought-after Queen Street East corridor, this attractive mixed-use property offers a desirable combination of commercial and residential income. Featuring prominent street-level retail frontage with excellent visibility and exposure, complemented by residential accommodation on the upper level, the property presents an appealing opportunity for investors seeking a versatile income-producing asset. Both units are currently tenanted, providing immediate rental income and established occupancy. The property benefits from Queen Street East's strong pedestrian and vehicular traffic, surrounded by an eclectic mix of popular restaurants, cafés, boutique shops, independent retailers and everyday amenities. Enjoy convenient access to public transit, including the Queen streetcar, as well as easy connectivity to downtown Toronto and surrounding neighbourhoods. Located in one of Toronto's most dynamic and evolving east-end communities, this is an outstanding opportunity to acquire a well-positioned mixed-use property with long-term investment appeal. (id:66096)

Property Details

MLS®: E14149262
Property Type: Retail
Zoning: Commercial CR2.5(c1;r2*2224)
Interior Size: 1,971 ft²
Lot Size: 15 × 85 ft (1,233 sq ft)
Frontage: 15 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $11,385.25/yr
Listed: Today

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (South Riverdale) listings, avg age

46d

Price / ft²

$801

List price

$1.58M

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 (South Riverdale) has been listed for 0 days, which is 46 days fresher than the city average of 46. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · GUS KRITIKOS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4M)

This home lists at $1,578,000, about 15.9× the local median household income of $99,000.

Carrying it typically needs a household income of about $308,239 (20% down, 25-yr amortization, stress-tested) — roughly 211% above the area median.

Median household income: $99,000
Population: 25,052
Median age: 38.8
Owner / renter: 56% / 44%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M4M)

$1,578,000· $801/ft²

For sale

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Financing

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