$1,099,900
Toronto
1853 Davenport Road, Toronto (Weston-Pellam Park), Ontario, M6N1B8
This retail property in Toronto is for sale offering roughly 3,590 sq ft of space.
Prime Investment Opportunity in the Heart of Carleton Village An exceptional and rare opportunity to acquire a commercial/residential building in one of Toronto's rapidly evolving corridors. Located at 1853 Davenport Rd, this 3-storey property offers outstanding income potential, high visibility, and flexible occupancy options. Positioned along a high pedestrian and vehicular traffic strip, the property benefits from excellent exposure and is surrounded by vibrant neighbourhoods, new condominium developments, and strong area amenities. The main floor features a well-established commercial space currently operating as an accounting office, complete with a rear 1-bedroom suite. The finished basement includes a separate entrance and a 2-bedroom apartment, currently tenanted. Above, the second and third floors comprise a spacious 2-storey residential unit offering 4 bedrooms, each with its own private 3-piece ensuite, plus a full kitchen on each level - an ideal layout for multi-tenant rental or shared living arrangements. The entire building can be delivered vacant upon possession, providing a rare opportunity for investors, owner-operators, or end-users seeking full control of the asset. Surrounded by TTC access, shops, cafés, boutiques, banks, and just minutes to Yorkdale Mall, Hwy 401, 400, Allen Road, and the Gardiner Expressway, this property offers unmatched convenience and long-term growth potential. A prime opportunity to secure a high-exposure, income-generating asset in a rapidly developing Toronto location. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 195 days on market, against an average age of 56 days across the listings currently for sale in this city
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.
This retail in Toronto (Weston-Pellam Park) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,099,900, about 14.6× the local median household income of $75,500.
Carrying it typically needs a household income of about $214,849 (20% down, 25-yr amortization, stress-tested) — roughly 185% above the area median.
Source: Statistics Canada, 2021 Census (FSA M6N)
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