$23,985,000

For sale

14 Mccaul Street, Toronto (Kensington-Chinatown) - Retail for Sale

14 Mccaul Street, Toronto (Kensington-Chinatown), Ontario, M5T1V6

10 baths65 × 110 ft (7,161 sq ft) lot sizeListed 41 days ago

Overview

This retail property in Toronto is for sale. It has been on the market 41 days, fresher than the Toronto average of 81 days.

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Description

14 McCaul Street | Commercial Building for Owner Use, Investment or Future DevelopmentJust north of Queen Street West in downtown Toronto, 14 McCaul Street is a three-storey brick-and-beam commercial building with approximately 24,000 sq. ft. of rentable area. Main-floor premises are available for a purchaser's own use. OCAD University, the Art Gallery of Ontario, Osgoode subway station and the University Avenue hospital district are within walking distance.The building offers approximately 6,000 sq. ft. per level across three above-grade storeys and a semi-basement. A freight elevator connects all four levels. Rear loading access and 600-amp, three-phase electrical service support the building's commercial operations.A purchaser may also explore a modest increase in density while retaining the existing building. A structural engineer has indicated that a two-storey addition may be feasible with minor reinforcement, subject to detailed engineering and municipal approvals. For longer-term redevelopment, a separate illustrative 20-storey concept has been prepared. Its proposed height and density have not been approved. (id:66096)

Property Details

MLS®: C13826512
Property Type: Retail
Zoning: EL, R(F4.5; DL*692)
Bathrooms: 10
Lot Size: 65 × 110 ft (7,161 sq ft)
Frontage: 65 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $120,000/yr
Listed: 41 days ago

Features

Lot Features: Irregular lot size, Elevator

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

41d

Toronto (Kensington-Chinatown) listings, avg age

81d

List price

$23.98M

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 (Kensington-Chinatown) has been listed for 41 days, which is 40 days fresher than the city average of 81. Act while there is still low competition.

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Listed by RE/MAX ALL-STARS REALTY INC. · RODICA ILIESCU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5T)

This home lists at $23,985,000, about 389.4× the local median household income of $61,600.

Carrying it typically needs a household income of about $4,685,110 (20% down, 25-yr amortization, stress-tested) — roughly 7506% above the area median.

Median household income: $61,600
Population: 17,903
Median age: 36
Owner / renter: 32% / 68%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M5T)

$23,985,000

For sale

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Financing

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