Description

Prime Mixed Use Investment Opportunity In The Heart Of Toronto's Vibrant West End! Welcome To 1506 Dundas St W - A Rare Three Storey Residential/Commercial Building Offering Exceptional Income Potential And End-User Flexibility In A High-Demand Downtown Location. Featuring Approx. 1,900 Sq. Ft. Of Retail Space On The Ground Floor, This Property Is Ideal For Investors Or Business Owners Looking To Operate Their Own Retail/Commercial Use While Benefiting From Additional Residential Rental Income Above.The Second And Third Floors, Consist Of Four Residential Apartment Units, Providing Stable Income.The Property Also Includes An Unfinished Basement Currently Used For Additional Storage Space.Strategically Located Close To Public Transit, Subway Access, Shops, Restaurants, And Major Downtown Amenities, This Property Offers Outstanding Exposure And Long-Term Upside In One Of Toronto's Most Desirable Urban Corridors.Excellent Opportunity For Investors, End Users, And Owner-Operators Alike. (id:66096)

Property Details

MLS®: C13632112
Property Type: Retail
Zoning: COMMERCIAL/RESIDENTIAL
Interior Size: 5,148 ft²
Frontage: 20 ft
Building Area: 5,148 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $19,653/yr
Listed: 93 days ago

Market Timing

Days on market

93d

Toronto (Little Portugal) listings, avg age

71d

Price / ft²

$544

List price

$2.80M

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 (M6K)

This home lists at $2,800,000, about 38.9× the local median household income of $72,000.

Carrying it typically needs a household income of about $546,938 (20% down, 25-yr amortization, stress-tested) — roughly 660% 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)

$2,800,000· $544/ft²

For sale

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Financing

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1506 Dundas Street West, Toronto (Little Portugal) - Retail for Sale

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (M6K)

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