Overview

This retail property in Toronto is for sale offering roughly 4,000 sq ft of space.

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Description

Rarely does a retail opportunity of this calibre come to market. Nestled at the base of the prestigious Davenport Residences at 181 Davenport Road, Toronto, is a 12-storey, 68-unit boutique condominium in one of Toronto's most coveted neighbourhoods. This 4,000 SF ground-floor showroom is a masterclass in design and functionality. Originally built in 2017 and subsequently transformed through an extraordinary $2,500,000 interior renovation, the space has been meticulously curated to the highest commercial standards. This unit is offered freehold, with no condo fees, a rare and significant advantage for an asset of this profile in this location. The sale includes 4 parking spaces and 2 storage lockers, adding valuable convenience and flexibility for an owner-user, tenant, or investor alike. This is one of Toronto's finest boutique retail offerings, a meticulously finished, move-in-ready space in a location that commands attention. Whether you are an owner-user seeking a flagship address, an investor acquiring a premier income-producing freehold asset, or a tenant looking for an elevated home for your brand, 181 Davenport delivers on every front. Available for immediate possession. (id:66096)

Property Details

MLS®: C13570792
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: Commercial/ Retail
Parking: 4
Interior Size: 4,000 ft²
Lot Size: 130 × 123 ft (16,000 sq ft)
Frontage: 130 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Garage: Underground
Property Tax: $45,123.88/yr
Listed: 112 days ago

Features

Appliances: Furniture
Lot Features: Irregular lot size

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

112d

Toronto (Annex) listings, avg age

58d

Price / ft²

$2,500

List price

$10M

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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Area context

Neighbourhood profile (M5R)

This home lists at $10,000,000, about 116.3× the local median household income of $86,000.

Carrying it typically needs a household income of about $1,953,350 (20% down, 25-yr amortization, stress-tested) — roughly 2171% above the area median.

Median household income: $86,000
Population: 26,197
Median age: 42
Owner / renter: 39% / 61%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5R)

$10,000,000· $2,500/ft²

For sale

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Financing

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185 Davenport Road, Toronto (Annex) - Retail for Sale