$1,288,000

For sale

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1702 Jane Street, Toronto (Weston) - Retail for Sale

1702 Jane Street, Toronto (Weston), Ontario, M9N2S4

4 baths4 parking2,100 ft²Listed 168 days ago

Overview

This retail property in Toronto is for sale offering roughly 2,100 sq ft of space.

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Description

Welcome to 1702 Jane Street. A great investment opportunity located in Toronto's vibrant Weston neighborhood. The surrounding area boasts a variety of amenities, including schools, parks, shopping centers, and dining options, contributing to the properties appeal for both commercial and residential purposes. This very well maintained versatile property features a high exposure commercial storefront plus 3 residential apartments: a renovated 2-bedroom unit on main level (vacant for own-use or rent out), a very spacious 2-bedroom unit on upper level and a 3-bedroom unit on lower level. Front & rear separate access with 4 parking spots total. All existing leases on the basis of month to month, providing the flexibility to tailor the property to your specific needs. Conveniently situated just minutes from Highway 400/401, Weston GO Station and TTC at your doorstep, this property offers exceptional visibility and accessibility for both commercial and residential use. Projected to generate Net Annual Income of $90,000 plus, this property boasts a favorable Capitalization Rate of 7.0% above. Please note that the income figures are based on current and previous rent and actual income may vary based on market conditions and management. This is your opportunity to invest in a property with immense potential for business or rental income. Don't miss it!! (id:66096)

Property Details

MLS®: W13148906
Property Type: Retail
Zoning: CR2(c2;r2*794)
Bathrooms: 4
Parking: 4
Interior Size: 2,100 ft²
Frontage: 18 ft
Building Area: 2,100 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $8,027.09/yr
Listed: 168 days ago

Features

Appliances: Microwave, Hood Fan, Water Heater

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

168d

Toronto (Weston) listings, avg age

66d

Price / ft²

$613

List price

$1.29M

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

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Listed by REAL ONE REALTY INC. · CHARLIE YAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9N)

This home lists at $1,288,000, about 18.5× the local median household income of $69,500.

Carrying it typically needs a household income of about $251,591 (20% down, 25-yr amortization, stress-tested) — roughly 262% above the area median.

Median household income: $69,500
Population: 26,059
Median age: 39.6
Owner / renter: 42% / 58%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M9N)

$1,288,000· $613/ft²

For sale

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Financing

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