$6,999,000

For sale

1625 Albion Road, Toronto (West Humber-Clairville) - Retail for Sale

1625 Albion Road, Toronto (West Humber-Clairville), Ontario, M9V5H8

Listed 55 days ago

Overview

This retail property in Toronto is for sale. It has been on the market 55 days, fresher than the Toronto average of 60 days.

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Description

Prime commercial opportunity in Etobicoke/Toronto, prominently situated on a high-visibility corner within a busy corridor. This well-maintained property offers approximately 32,000 sq. ft. with strong retail exposure along Albion Road. The fully built out second floor features turnkey medical office space, ready for immediate occupancy, and elevator access serves all three levels for added convenience and accessibility. Ideally located steps from two LRT stops with TTC service at the doorstep, the property offers excellent connectivity for clients and staff. Well suited for medical professionals, owner users/investors, it also provides ample on-site parking, strong surrounding demographics, and convenient access to major highways and transit routes. A compelling investment in a rapidly growing area. (id:66096)

Property Details

MLS®: W13771164
Property Type: Retail
Zoning: Commercial
Frontage: 227 ft
Building Area: 32,278 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $98,534/yr
Listed: 55 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

55d

Toronto (West Humber-Clairville) listings, avg age

60d

List price

$7.00M

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 (West Humber-Clairville) has been listed for 55 days, which is 5 days fresher than the city average of 60. Act while there is still low competition.

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Listed by RE/MAX PRESIDENT REALTY · SUKH BHAURA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9V)

This home lists at $6,999,000, about 85.4× the local median household income of $82,000.

Carrying it typically needs a household income of about $1,367,150 (20% down, 25-yr amortization, stress-tested) — roughly 1567% above the area median.

Median household income: $82,000
Population: 53,878
Median age: 37.2
Owner / renter: 54% / 46%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA M9V)

$6,999,000

For sale

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Financing

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