Overview

This retail property in Toronto is for sale offering roughly 3,498 sq ft of space. It has been on the market 2 days, fresher than the Toronto average of 44 days.

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Description

Fully Leased Mixed-Use Investment Opportunity on Queen Street West, just east of Lansdowne Avenue. Main floor retail space occupied by a commercial tenant, plus residential apartments on the upper level. Approximately 3,498 sq ft in total on a 19.75 x 120 ft lot, with a basement, a detached garage, and 3 parking spaces. Situated along the vibrant Parkdale stretch of Queen West, surrounded by restaurants, cafés, galleries, retail shops, and neighbourhood amenities, with TTC streetcar access at the door. Excellent opportunity to acquire a fully tenanted mixed-use property with commercial and residential income in one of Toronto's most dynamic west-end neighbourhoods. (id:66096)

Property Details

MLS®: W14140248
Property Type: Retail
Zoning: CR2.5(c1;r2*1766)
Parking: 3
Interior Size: 3,498 ft²
Lot Size: 20 × 120 ft (2,370 sq ft)
Frontage: 20 ft
Heating: Radiator
Cooling: Partially air conditioned
Property Tax: $15,357.3/yr
Listed: 2 days ago

Market Timing

Days on market

Toronto (Roncesvalles) listings, avg age

44d

Price / ft²

$486

List price

$1.70M

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 (Roncesvalles) has been listed for 2 days, which is 42 days fresher than the city average of 44. Act while there is still low competition.

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Area context

Neighbourhood profile (M6K)

This home lists at $1,700,000, about 23.6× the local median household income of $72,000.

Carrying it typically needs a household income of about $332,070 (20% down, 25-yr amortization, stress-tested) — roughly 361% 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)

$1,700,000· $486/ft²

For sale

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Financing

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1436 Queen Street West, Toronto (Roncesvalles) - Retail for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (M6K)

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