Description

Mixed-Use Investment Opportunity Convenience Store + 3-Bedroom Apartment, This well-located detached property offers a fantastic investment with a ground-floor convenience store and a spacious 3-bedroom apartment upstairs. The current owners are retiring, presenting a rare chance to acquire a turnkey business with residential income in one. The property sold "As is, Where is".Property can be handed over empty at closing. (id:66096)

Property Details

MLS®: W13702364
Property Type: Retail
Zoning: R(d0.6*739)
Interior Size: 1,800 ft²
Lot Size: 25 × 59 ft (1,475 sq ft)
Frontage: 25 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $8,607.21/yr
Listed: 75 days ago

Market Timing

Days on market

75d

Toronto (Dovercourt-Wallace Emerson-Junction) listings, avg age

56d

Price / ft²

$611

List price

$1.10M

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 (M6H)

This home lists at $1,099,901, about 13.3× the local median household income of $83,000.

Carrying it typically needs a household income of about $214,849 (20% down, 25-yr amortization, stress-tested) — roughly 159% above the area median.

Median household income: $83,000
Population: 43,730
Median age: 38.4
Owner / renter: 49% / 52%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M6H)

$1,099,901· $611/ft²

For sale

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Financing

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1281 Davenport Road, Toronto (Dovercourt-Wallace Emerson-Junction) - Retail for Sale

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (M6H)

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