$1,699,000

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1454 Queen Street West, Toronto (Roncesvalles) - Retail for Sale

1454 Queen Street West, Toronto (Roncesvalles), Ontario, M6K1M2

3 beds1 bath2 parking2,000 ft²Listed 142 days ago

Overview

This retail property in Toronto is for sale offering roughly 2,000 sq ft of space.

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Description

This prime Roncesvalles mixed-use investment offers a stable, triple-income stream anchored by a long-term commercial corporate tenant, Freedom Mobile. The property further maximizes your rental income with two self-contained residential apartments. A renovated 2nd floor 1+Den (Den can be a separate bedroom) unit featuring high ceilings, a skylight, and a walk-out rooftop deck with a potential income of $ 2,000.00 Per Month. Basement Apartment Is A Large Spacious, Self Contained Unit Occupied By A Long Term Tenant. One Parking pad at the rear of the property. Fronting on busy Queen Street West with high visibility and transit at door steps. Easy access to Gardiner Expressway, King St and Lake Shore Blvd. This turnkey property represents a secure and diversified investment opportunity in one of Toronto's most desirable neighbourhoods. (id:66096)

Property Details

MLS®: W13443406
Property Type: Retail
Zoning: CR2.5(c1;r2*1766)
Bedrooms: 3
Bathrooms: 1
Parking: 2
Interior Size: 2,000 ft²
Frontage: 16 ft
Building Area: 2,000 ft²
Heating: Baseboard heaters
Cooling: Fully air conditioned
Property Tax: $14,291/yr
Listed: 142 days ago

Market Timing

Days on market

142d

Toronto (Roncesvalles) listings, avg age

44d

Price / ft²

$850

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 3-bed retail in Toronto (Roncesvalles) 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 (M6K)

This home lists at $1,699,000, about 23.6× the local median household income of $72,000.

Carrying it typically needs a household income of about $331,874 (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)

$1,699,000· $850/ft²

For sale

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Financing

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1454 Queen Street West, Toronto (Roncesvalles) - Retail for Sale

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (M6K)

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