$3,379,000

For sale

1181-1183 St Clair Avenue West, Toronto (Corso Italia-Davenport) - Retail for Sale

1181-1183 St Clair Avenue West, Toronto (Corso Italia-Davenport), Ontario, M6E1B5

4,997 ft²34 × 91 ft (3,114 sq ft) lot sizeListed 27 days ago

Overview

This retail property in Toronto is for sale offering roughly 4,997 sq ft of space. It has been on the market 27 days, fresher than the Toronto average of 65 days.

Retail Space for Sale in Toronto →All real estate in Toronto →

Description

Exceptional investment opportunity in a highly visible, high-traffic location on the south side of the street. Long-term ownership and pride of ownership are evident throughout this exceptionally clean and well-maintained property.Two buildings on one deed offer 4 upper-level apartments and 2 main-floor commercial/retail units, providing excellent income potential with no leases currently in place. All four apartments have access to a large shared terrace, with fire-escape stairs providing access.The property features updated mechanicals, electrical, plumbing and boiler, plus 2 owned hot water tanks. One boiler services all four apartments. Additional features include finished basement areas and 4 exterior parking spaces at the rear.A rare opportunity to acquire a well-maintained, income-producing property with multiple revenue streams, excellent visibility and a long history of ownership. (id:66096)

Property Details

MLS®: W13876108
Property Type: Retail
Zoning: Commercial
Interior Size: 4,997 ft²
Lot Size: 34 × 91 ft (3,114 sq ft)
Frontage: 34 ft
Heating: Radiator
Cooling: Partially air conditioned
Property Tax: $22,461.23/yr
Listed: 27 days ago

Features

Appliances: Hood Fan

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

27d

Toronto (Corso Italia-Davenport) listings, avg age

65d

Price / ft²

$676

List price

$3.38M

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 (Corso Italia-Davenport) has been listed for 27 days, which is 38 days fresher than the city average of 65. Act while there is still low competition.

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Listed by SUTTON GROUP-ASSOCIATES REALTY INC. · JOSIE STERN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6E)

This home lists at $3,379,000, about 41.2× the local median household income of $82,000.

Carrying it typically needs a household income of about $660,037 (20% down, 25-yr amortization, stress-tested) — roughly 705% above the area median.

Median household income: $82,000
Population: 37,684
Median age: 40.8
Owner / renter: 55% / 45%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M6E)

$3,379,000· $676/ft²

For sale

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Financing

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