Overview

This retail property in Toronto is for sale offering roughly 6,068 sq ft of space. It has been on the market 37 days, fresher than the Toronto average of 48 days.

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Description

Excellent opportunity for an owner user or investor! Flexible commercial property offering multiple possibilities-operate your business from both units, occupy one unit and lease the other, or rent out both stores as an investment. Each unit features its own separate 200-amp hydro service, HVAC system, and water supply. The space has been tastefully updated with quality finishes and offers a functional layout suitable for a variety of business uses. A great opportunity for an owner user, investor, or entrepreneur seeking flexibility and income potential. (id:66096)

Property Details

MLS®: E13834122
Property Type: Retail
Zoning: CR
Bathrooms: 2
Interior Size: 6,068 ft²
Lot Size: 50 × 125 ft (6,250 sq ft)
Frontage: 50 ft
Heating: Forced air
Cooling: Fully air conditioned
Property Tax: $19,080/yr
Listed: 37 days ago

Market Timing

Days on market

37d

Toronto (O'Connor-Parkview) listings, avg age

48d

Price / ft²

$329

List price

$2.00M

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 (O'Connor-Parkview) has been listed for 37 days, which is 11 days fresher than the city average of 48. Act while there is still low competition.

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Area context

Neighbourhood profile (M4B)

This home lists at $1,997,000, about 25.6× the local median household income of $78,000.

Carrying it typically needs a household income of about $390,084 (20% down, 25-yr amortization, stress-tested) — roughly 400% above the area median.

Median household income: $78,000
Population: 18,612
Median age: 43.2
Owner / renter: 48% / 52%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M4B)

$1,997,000· $329/ft²

For sale

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Financing

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1517-1519 O Connor Drive, Toronto (O'Connor-Parkview) - Retail for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M4B)

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