$2,200,000

For sale

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1556 Avenue Road, Toronto (Bedford Park-Nortown) - Retail for Sale

1556 Avenue Road, Toronto (Bedford Park-Nortown), Ontario, M5M3X5

1 parking1,967 ft²20 × 104 ft (2,049 sq ft) lot sizeListed 239 days ago

Overview

This retail property in Toronto is for sale offering roughly 1,967 sq ft of space.

Retail Space for Sale in Toronto →All real estate in Toronto →

Description

Prime retail opportunity on busy Avenue Road just north of Lawrence in one of Toronto's most established commercial corridors. Exceptional west side exposure with strong daily traffic and excellent visibility. Large front display window provides outstanding street presence and natural light.Approximately 1,200 sq ft of main floor retail space plus 776 sq ft basement. High main floor ceilings create an open, flexible layout suitable for a variety of uses including retail, professional office, or medical services. Basement includes two washrooms and additional storage or workspace.Located in a rapidly evolving area with nearby and upcoming condominium developments bringing continued residential density and customer traffic to the corridor.Very clean space available immediately. Convenient access to Highway 401 and public transit. One parking space included at the rear of the building. Property now legally severed. (id:66096)

Property Details

MLS®: C12867292
Property Type: Retail
Zoning: CR3(c2;r2.8)*1543)
Parking: 1
Interior Size: 1,967 ft²
Lot Size: 20 × 104 ft (2,049 sq ft)
Frontage: 20 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $25,299/yr
Listed: 239 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

239d

Toronto (Bedford Park-Nortown) listings, avg age

52d

Price / ft²

$1,118

List price

$2.20M

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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Listed by RE/MAX ROUGE RIVER REALTY LTD. · A.J. ABBATE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5M)

This home lists at $2,200,000, about 13.4× the local median household income of $164,000.

Carrying it typically needs a household income of about $429,737 (20% down, 25-yr amortization, stress-tested) — roughly 162% above the area median.

Median household income: $164,000
Population: 25,495
Median age: 43.2
Owner / renter: 76% / 24%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M5M)

$2,200,000· $1,118/ft²

For sale

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Financing

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