Description

Opportunity to Renovate, Invest, or end users of Residential/legal non-conforming Commercial space in one of Toronto's most desirable west-end neighbourhoods of Parkdale community, just steps to Roncesvalles Village and the Lake. This unique property features a main floor storefront and a spacious 3-level apartment with 5 bedrooms, 1.5 bathrooms, and an eat-in kitchen with a second staircase to second floor. Two Hydro Meters and 2 Hot Water Tanks. Separate basement entrance from 2 laneway parking spots. Situated close, parks, shops, restaurants, St. Joseph Hospital, schools, Lake Ontario, places of worship, Lake Shore Blvd West, Gardiner Expy, and public transit (TTC). (id:66096)

Property Details

MLS®: W13125246
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: R(d1*821),R(d1*988)
Parking: 2
Interior Size: 2,485 ft²
Frontage: 20 ft
Building Area: 2,485 ft²
Heating: Hot water radiator heat, Natural gas
Cooling: None
Property Tax: $12,062.57/yr
Listed: 175 days ago

Market Timing

Days on market

175d

Toronto (South Parkdale) listings, avg age

64d

Price / ft²

$744

List price

$1.85M

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 (M6K)

This home lists at $1,849,000, about 25.7× the local median household income of $72,000.

Carrying it typically needs a household income of about $361,174 (20% down, 25-yr amortization, stress-tested) — roughly 402% above the area median.

Median household income: $72,000
Population: 42,110
Median age: 35.6
Owner / renter: 31% / 69%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M6K)

$1,849,000· $744/ft²

For sale

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Financing

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1311 King Street West, Toronto (South Parkdale) - Retail for Sale

Description

Property Details

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Market Timing

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Neighbourhood profile (M6K)

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