Overview

This retail property in Toronto is for sale offering roughly 2,668 sq ft of space. It has been on the market 30 days, fresher than the Toronto average of 65 days.

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Description

A St. Clair West Address With Character, Income And Possibility! Welcome To 1193 St. Clair Avenue West, A Three-Storey Mixed-Use Property Offering A Main-Floor Restaurant And Residential Units On The Second And Third Floors. This Combination Of Commercial And Residential Space Gives Investors Multiple Rental Income Streams And An Opportunity To Build Their Portfolio In An Established Toronto Neighbourhood. Set Along The Lively St. Clair West Corridor, Near Corso Italia's Eclectic Mix Of Restaurants, Cafés, Bakeries, Specialty Shops And Local Businesses, The Property Connects With The Everyday Energy That Makes This Community A Destination. Rich Cultural Roots, A Welcoming Neighbourhood Atmosphere And Convenient Access To The St. Clair Streetcar Add To The Appeal For Residents And Businesses Alike. With A Street-Level Commercial Presence And Residential Space Above, This Property Brings Together The Ingredients Of A Classic Toronto Investment. Whether Expanding Your Holdings Or Making Your First Mixed-Use Acquisition, Bring Your Vision And Discover The Potential At 1193 St. Clair Avenue West! (id:66096)

Property Details

MLS®: W13863856
Property Type: Retail
Zoning: CR
Parking: 2
Interior Size: 2,668 ft²
Frontage: 17 ft
Building Area: 2,668 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $11,492.29/yr
Listed: 30 days ago

Market Timing

Days on market

30d

Toronto (Corso Italia-Davenport) listings, avg age

65d

Price / ft²

$449

List price

$1.20M

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 30 days, which is 35 days fresher than the city average of 65. Act while there is still low competition.

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Area context

Neighbourhood profile (M6E)

This home lists at $1,199,000, about 14.6× the local median household income of $82,000.

Carrying it typically needs a household income of about $234,207 (20% down, 25-yr amortization, stress-tested) — roughly 186% 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)

$1,199,000· $449/ft²

For sale

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Financing

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1193 St Clair Avenue West, Toronto (Corso Italia-Davenport) - Retail for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M6E)

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