$2,489,000

For sale

137 Sheppard Avenue East, Toronto (Willowdale East) - Office for Sale

137 Sheppard Avenue East, Toronto (Willowdale East), Ontario, M2N3A6

2 baths11 parking1,480 ft²52 × 107 ft (5,550 sq ft) lot sizeListed 15 days ago

Overview

This office property in Toronto is for sale offering roughly 1,480 sq ft of space. It has been on the market 15 days, fresher than the Toronto average of 55 days.

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Description

Freestanding office with 11 parking spaces, steps east of Yonge and Sheppard. This two-storey brick building offers approx. 1,480 sq ft above grade plus a 750 sq ft finished lower level, a rare combination in the heart of North York Centre. Step out into the energy of Yonge and Sheppard: Sheppard-Yonge station (Lines 1 and 4), the offices, shops and restaurants of North York Centre, and Hwy 401 minutes away, with the Willowdale park path and Glendora Park close by. C7 zoning permits a broad range of uses, including professional and medical office, retail, personal service, residential and live/work, making it a compelling option for a practitioner who wants to work and live under one roof. Currently tenanted, with income in place and flexibility for a future owner-occupier. Within the North York Centre Secondary Plan review area, where the draft plan proposes mid-rise heights along Sheppard. Buyer to verify zoning, permitted uses, planning status and measurements. (id:66096)

Property Details

MLS®: C14098972
Property Type: Office
Zoning: C7
Bathrooms: 2
Parking: 11
Interior Size: 1,480 ft²
Lot Size: 52 × 107 ft (5,550 sq ft)
Frontage: 52 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $32,047.81/yr
Listed: 15 days ago

Features

Appliances: Window Coverings

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

15d

Toronto (Willowdale East) listings, avg age

55d

Price / ft²

$1,682

List price

$2.49M

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 (Willowdale East) has been listed for 15 days, which is 40 days fresher than the city average of 55. Act while there is still low competition.

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Listed by HARVEY KALLES REAL ESTATE LTD. · EVAN MICHAEL MALACH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2N)

This home lists at $2,489,000, about 30.4× the local median household income of $82,000.

Carrying it typically needs a household income of about $486,189 (20% down, 25-yr amortization, stress-tested) — roughly 493% above the area median.

Median household income: $82,000
Population: 75,100
Median age: 38
Owner / renter: 59% / 41%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M2N)

$2,489,000· $1,682/ft²

For sale

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Financing

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