$1,149,900

For saleJust listed

1564 Danforth Avenue, Toronto (Danforth) - Retail for Sale

1564 Danforth Avenue, Toronto (Danforth), Ontario, M4J1N4

2 parking2,609 ft²20 × 110 ft (2,200 sq ft) lot sizeListed 5 days ago

Overview

This retail property in Toronto is for sale offering roughly 2,609 sq ft of space. It has been on the market 5 days, fresher than the Toronto average of 43 days.

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

Description

Rare work/live unit! Over 2,600 sq ft Ideal for investor or end-user. Retail portion has the bones for a restaurant or bar but uses are not limited to. Upper lvl features 2BR + flex blank-canvas suite live in (limited only by your imagination) or rent for add'l rev. Dbl car garage, private backyard entertainment area & bsmt w/ sep entrance add versatility. Endless upside for entrepreneurs, creatives & savvy investors seeking cash flow + growth. Extras: Located among a plethora of restaurants and a vibrant neighbourhood, this property offers walkable access to public transit and one of a kind retail stores making it an investor's dream. A rare chance to secure solid long-term value. (id:66096)

Property Details

MLS®: E14131712
Property Type: Retail
Zoning: CR 3.0 (C2.0; R 2.5) SS2 (X2219)
Parking: 2
Interior Size: 2,609 ft²
Lot Size: 20 × 110 ft (2,200 sq ft)
Frontage: 20 ft
Heating: Baseboard heaters
Cooling: Partially air conditioned
Property Tax: $13,241.96/yr
Listed: 5 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Danforth) listings, avg age

43d

Price / ft²

$441

List price

$1.15M

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 (Danforth) has been listed for 5 days, which is 38 days fresher than the city average of 43. Act while there is still low competition.

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Listed by CENTURY 21 ATRIA REALTY INC. · DARRELL CHRISTOPHER CHAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4J)

This home lists at $1,149,900, about 12.4× the local median household income of $93,000.

Carrying it typically needs a household income of about $224,616 (20% down, 25-yr amortization, stress-tested) — roughly 142% above the area median.

Median household income: $93,000
Population: 35,128
Median age: 42
Owner / renter: 62% / 38%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M4J)

$1,149,900· $441/ft²

For sale

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Financing

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