$1,275,000

For sale

1562 Queen Street East, Toronto (Greenwood-Coxwell) - Retail for Sale

1562 Queen Street East, Toronto (Greenwood-Coxwell), Ontario, M4L1E9

2 parking1,530 ft²16 × 95 ft (1,544 sq ft) lot sizeListed 43 days ago

Overview

This retail property in Toronto is for sale offering roughly 1,530 sq ft of space. It has been on the market 43 days, fresher than the Toronto average of 51 days.

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Description

An Outstanding Opportunity To Own A Fully Tenanted Mixed-Use Property Along Toronto's Vibrant Queen East Corridor! Set On A 16.25 X 95 Ft Lot, This High-Income-Producing Property Offers Excellent Value With A High Visibility Street Level Commercial Storefront, A Spacious Two-Bedroom Residential Apartment Above And Two-Car Parking At The Rear. The Main Floor Features Approximately 706 Sq. Ft. Of Commercial Space, Currently Occupied By An Established Retail Tenant, Plus A Full Lower Level Providing Valuable Additional Storage And Utility Space. The Approximately 824 Sq. Ft. Upper-Level Apartment Features Two Bedrooms, A Separate Living Room, Kitchen And Full Bathroom. Both Commercial And Residential Tenancies Are Already In Place, Providing Immediate Income From Day One. Ideally Positioned On A Lively Stretch Of Queen Street East Where Leslieville Meets The Beaches, Surrounded By An Eclectic Mix Of Independent Shops, Restaurants, Cafés And Neighbourhood Amenities. Directly Across From The New Queen & Ashbridge Condominiums, Bringing Hundreds Of New Residents To The Immediate Area, With Continued Development And New Shops Adding To The Energy Of This Rapidly Evolving Stretch Of Queen East. Excellent Pedestrian And Vehicular Exposure, 24-Hour TTC Service At The Doorstep And Convenient Access To Downtown And Toronto's East-End Neighbourhoods. An Excellent Value And Compelling Opportunity To Acquire A Fully Tenanted, High-Income-Producing Mixed-Use Asset Along One Of Toronto's Most Established And Desirable Commercial Corridors. (id:66096)

Property Details

MLS®: E13813862
Property Type: Retail
Zoning: CR2(c1;r2*1581)
Parking: 2
Interior Size: 1,530 ft²
Lot Size: 16 × 95 ft (1,544 sq ft)
Frontage: 16 ft
Heating: Radiator
Cooling: None
Property Tax: $10,945.59/yr
Listed: 43 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

43d

Toronto (Greenwood-Coxwell) listings, avg age

51d

Price / ft²

$833

List price

$1.27M

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 (Greenwood-Coxwell) has been listed for 43 days, which is 8 days fresher than the city average of 51. Act while there is still low competition.

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Listed by ROYAL LEPAGE ESTATE REALTY · RYAN JAMES TAYLOR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4L)

This home lists at $1,275,000, about 12.6× the local median household income of $101,000.

Carrying it typically needs a household income of about $249,052 (20% down, 25-yr amortization, stress-tested) — roughly 147% above the area median.

Median household income: $101,000
Population: 32,218
Median age: 40.8
Owner / renter: 61% / 39%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M4L)

$1,275,000· $833/ft²

For sale

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Financing

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