$4,500,000

For sale

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

192 Davenport Road, Toronto (Annex), Ontario, M5R1J2

2 baths3 parking2,410 ft²17 × 120 ft (2,059 sq ft) lot sizeListed 29 days ago

Overview

This retail property in Toronto is for sale offering roughly 2,410 sq ft of space. It has been on the market 29 days, fresher than the Toronto average of 58 days.

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Description

An exceptional opportunity to acquire a distinctive three-storey commercial property in one of Toronto's most coveted and recognizable locations. Ideally positioned along Davenport Road at the Avenue Road corridor, 192 Davenport Road offers remarkable visibility, strong street presence and a highly adaptable layout suitable for arange of premium commercial uses. Currently home to an established real estate brokerage, the property is being offered with vacant possession, presenting a rare opportunity for an owner-user, professional practice or investor to establish a prominent presence in the Yorkville area. Property Highlights include: Three-storey commercial building, 3 parking spaces at the rear, 2 bathrooms, renovated third floor; private walkout from the third floor to a brand-new deck; Ideal for medical, professional, office, retail and service-oriented uses, subject to municipal approvals. The property's prominent corner-of-the-corridor presence provides an exceptional branding opportunity for a business seeking a high-profile address with both prestige and accessibility. Vacant possession (id:66096)

Property Details

MLS®: C13866984
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: CR2(c1;r2*2379)
Bathrooms: 2
Parking: 3
Interior Size: 2,410 ft²
Lot Size: 17 × 120 ft (2,059 sq ft)
Frontage: 17 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $23,672.21/yr
Listed: 29 days ago

Market Timing

Days on market

29d

Toronto (Annex) listings, avg age

58d

Price / ft²

$1,867

List price

$4.50M

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 (Annex) has been listed for 29 days, which is 29 days fresher than the city average of 58. Act while there is still low competition.

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Area context

Neighbourhood profile (M5R)

This home lists at $4,500,000, about 52.3× the local median household income of $86,000.

Carrying it typically needs a household income of about $879,008 (20% down, 25-yr amortization, stress-tested) — roughly 922% 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)

$4,500,000· $1,867/ft²

For sale

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Financing

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

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M5R)

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