Overview

This retail property in Toronto is for sale offering roughly 1,496 sq ft of space.

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Description

Mixed-use corner property in prime Little Portugal/Beaconsfield Village, steps to Queen W, Ossington & Trinity Bellwoods. ~1,200 sf ground-flr retail storefront, now VACANT: owner-user, cafe, gallery, office, studio, specialty retail or lease at market. Commercial use legalized via site-specific zoning exception. Renovated 2nd-flr residential unit (2023: bath, flooring, electrical) tenanted at $2,500/mo, below area rents. Deep corner lot w/ Lisgar St frontage & exposure. Value-add in hand: architectural drawings for residential conversion + CofA-approved 2-car garage off the laneway, a rare approval on this street; laneway suite potential. Recent roof repairs & basement structural reinforcement; basement gutted, a clean slate. Classic 1894 brick w/ full storefront exposure. Live/work, invest, convert or hold. Drawings, CofA decision, financials & floor plans available. Buyer to verify zoning, measurements & permitted uses. (id:66096)

Property Details

MLS®: C13422702
Property Type: Retail
Zoning: R(d1*804)
Interior Size: 1,496 ft²
Frontage: 18 ft
Building Area: 1,496 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $9,690/yr
Listed: 148 days ago

Market Timing

Days on market

148d

Toronto (Little Portugal) listings, avg age

71d

Price / ft²

$768

List price

$1.15M

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 (M6J)

This home lists at $1,149,000, about 12.8× the local median household income of $90,000.

Carrying it typically needs a household income of about $224,440 (20% down, 25-yr amortization, stress-tested) — roughly 149% above the area median.

Median household income: $90,000
Population: 32,111
Median age: 36.8
Owner / renter: 49% / 51%
Avg. household size: 2

Source: Statistics Canada, 2021 Census (FSA M6J)

$1,149,000· $768/ft²

For sale

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Financing

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14 Afton Avenue, Toronto (Little Portugal) - Retail for Sale

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (M6J)

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