Overview

This retail property in Toronto is for sale offering roughly 1,575 sq ft of space.

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Description

Commercial Store: 2.5 Apartments & 2.5 Commercial Units - Access to Attic from the Front Apartment. Fantastic Unique Investment Opportunity to Own a Corner Store, across from Greenwood Subway Station (100m to Linsmore: TTC Entrance) -- Priced to Sell. Some Rents are Below Market Value. Total Gross Yearly Income $121,434.10. At this Price, it Won't Last! Total Expense: $30,064.51 / NOI: $91,000.00 (See Attached *Property Acknowledgement*) (id:66096)

Property Details

MLS®: E13219164
Property Type: Retail
Zoning: RES
Bathrooms: 4
Parking: 2
Interior Size: 1,575 ft²
Frontage: 19 ft
Building Area: 1,575 ft²
Heating: Hot water radiator heat, Natural gas
Cooling: None
Property Tax: $13,544/yr
Listed: 157 days ago

Market Timing

Days on market

157d

Toronto (Greenwood-Coxwell) listings, avg age

51d

Price / ft²

$1,046

List price

$1.65M

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 (Greenwood-Coxwell) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Area context

Neighbourhood profile (M4J)

This home lists at $1,648,000, about 17.7× the local median household income of $93,000.

Carrying it typically needs a household income of about $321,912 (20% down, 25-yr amortization, stress-tested) — roughly 246% above the area median.

Median household income: $93,000
Population: 35,128
Median age: 42
Owner / renter: 62% / 38%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M4J)

$1,648,000· $1,046/ft²

For sale

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Financing

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1331 Danforth Avenue, Toronto (Greenwood-Coxwell) - Retail for Sale

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (M4J)

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