Description

Prime commercial investment opportunity in one of Toronto's rapidly evolving growth corridors. The retail space is currently leased to a restaurant at $3,300 per month on a four-year term, with the flexibility for the tenant to vacate upon 90 days' notice. The property features a basement, rear parking, and laneway access, with excellent mixed-use and future redevelopment potential. Strategically located beside the new Eglinton station and steps from Allen subway station, Eglinton West, and GO Transit. Surrounded by significant high-density residential development and ongoing investment, this property offers immediate rental income with compelling long-term growth and redevelopment potential. (id:66096)

Market Timing

Days on market

83d

Toronto (Briar Hill-Belgravia) listings, avg age

66d

Price / ft²

$750

List price

$750K

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 (Briar Hill-Belgravia) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Area context

Neighbourhood profile (M6E)

This home lists at $749,900, about 9.1× the local median household income of $82,000.

Carrying it typically needs a household income of about $146,482 (20% down, 25-yr amortization, stress-tested) — roughly 79% above the area median.

Median household income: $82,000
Population: 37,684
Median age: 40.8
Owner / renter: 55% / 45%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M6E)

$749,900· $750/ft²

For sale

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Financing

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1606 Eglinton Avenue West, Toronto (Briar Hill-Belgravia) - Retail for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (M6E)

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