$1,650,000

For sale

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1693 AVENUE Road, Toronto (Bedford Park-Nortown) - Retail for Sale

1693 AVENUE Road, Toronto (Bedford Park-Nortown), Ontario, M5M3Y3

1,695 ft²17 × 68 ft (1,138 sq ft) lot sizeListed 115 days ago

Overview

This retail property in Toronto is for sale offering roughly 1,695 sq ft of space.

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Description

Exceptional investment and end-user opportunity in the highly desirable Bedford Park neighbourhood along the sought-after Avenue Road corridor. The property features a ground-floor retail clothing store on a month-to-month tenancy, along with two vacant residential apartments above comprising one bachelor suite and one one-bedroom unit. Flexible occupancy provides excellent potential for investors seeking income with leasing upside or end users looking to occupy and customize the property to suit their needs. Ideally situated in an affluent neighbourhood surrounded by premium shopping, restaurants, medical services, and everyday amenities, with convenient access to Highway 401, parks, public transit, and top-rated schools. Adjacent property at 1695 Avenue Rd is also available for sale. (id:66096)

Property Details

MLS®: C13556194
Property Type: Retail
Zoning: CR3(c2;r2.8*1543)
Interior Size: 1,695 ft²
Lot Size: 17 × 68 ft (1,138 sq ft)
Frontage: 17 ft
Heating: Hot water radiator heat, Natural gas
Cooling: None
Property Tax: $16,141.26/yr
Listed: 115 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

115d

Toronto (Bedford Park-Nortown) listings, avg age

52d

Price / ft²

$973

List price

$1.65M

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 ULTIMATE REALTY INC. · JULIE SEO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5M)

This home lists at $1,650,000, about 10.1× the local median household income of $164,000.

Carrying it typically needs a household income of about $322,303 (20% down, 25-yr amortization, stress-tested) — roughly 97% 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)

$1,650,000· $973/ft²

For sale

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Financing

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