Overview

This office property in Toronto is for sale offering roughly 2,230 sq ft of space. It has been on the market 11 days, fresher than the Toronto average of 57 days.

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Description

Prime Investment Opportunity In Toronto's Downtown Waterfront! Two Combined Office Units (1120 & 1122) At 130 Queens Quay E, Located In The Vibrant Waterfront Tech Innovation Hub - City Of The Arts. This Southwest-Facing Suite Offers Panoramic, Unobstructed Lake Views Through Floor-To-Ceiling Windows, Soaring Ceilings, And Approximately $300,000 Interior Renovations. Building Amenities Include An Elegant Shared Lobby, High-Tech Boardrooms, Networking Lounges, Outdoor Terrace, And Ground-Floor Retail Featuring Cafes, Restaurants And Boutiques. Approximately 4 Years Remaining On The Existing Tenant's Lease, Providing Stable Rental Income. Buyers Seeking Immediate Occupancy May Discuss Potential Arrangements With The Seller. Steps To The Waterfront, Sugar Beach, TTC And GO Transit, With Easy Access To The Gardiner Expressway, Scotiabank Arena, George Brown College And St. Lawrence Market. Excellent Opportunity For Both Investors And End Users! PLEASE DO NOT GO DIRECT. (id:66096)

Property Details

MLS®: C14114806
Property Type: Office
Zoning: I2D3N.5
Interior Size: 2,230 ft²
Frontage: 60 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Garage: Underground
Property Tax: $21,666/yr
Listed: 11 days ago

Market Timing

Days on market

11d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$835

List price

$1.86M

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 office in Toronto (Waterfront Communities) has been listed for 11 days, which is 46 days fresher than the city average of 57. Act while there is still low competition.

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Area context

Neighbourhood profile (M5A)

This home lists at $1,862,050, about 26.2× the local median household income of $71,000.

Carrying it typically needs a household income of about $363,724 (20% down, 25-yr amortization, stress-tested) — roughly 412% above the area median.

Median household income: $71,000
Population: 48,978
Median age: 36.4
Owner / renter: 35% / 65%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5A)

$1,862,050· $835/ft²

For sale

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Financing

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Neighbourhood profile (M5A)

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