$1,189,000

For sale

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1924 Danforth Avenue, Toronto (Danforth) - Retail for Sale

1924 Danforth Avenue, Toronto (Danforth), Ontario, M4C1J4

2 parking1,692 ft²14 × 110 ft (1,540 sq ft) lot sizeListed 54 days ago

Overview

This retail property in Toronto is for sale offering roughly 1,692 sq ft of space.

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Description

Exceptional Investment Opportunity in the Heart of Danforth Village! A rare opportunity to own a beautifully renovated mixed-use property in one of Toronto's most vibrant and sought-after neighbourhoods, directly across from a park and just steps to the subway.Recently renovated from top to bottom, this exceptional property is ideally situated in the vibrant Danforth area. The main-floor commercial unit features a hair salon, while the occupied lower-level commercial space provides additional rental income. The upper level offers a two-bedroom residential apartment. Recent improvements include new concrete basement floors, new plumbing and electrical throughout, along with upgrades to the roof and HVAC systems. Over $400,000 in renovations were completed in 2020. An excellent opportunity for investors or owner-operators seeking a versatile property in a thriving neighbourhood, featuring rear parking, exceptional exposure, and strong income potential. (id:66096)

Property Details

MLS®: E13770550
Property Type: Retail
Zoning: CR3(c2;r2.5*2219)
Parking: 2
Interior Size: 1,692 ft²
Lot Size: 14 × 110 ft (1,540 sq ft)
Frontage: 14 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $5,133.31/yr
Listed: 54 days ago

Features

Appliances: Washer, Dishwasher, Dryer

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

54d

Toronto (Danforth) listings, avg age

43d

Price / ft²

$703

List price

$1.19M

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 HALLMARK REALTY LTD. · CHRIS ZORZOS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4C)

This home lists at $1,189,000, about 14.3× the local median household income of $83,000.

Carrying it typically needs a household income of about $232,253 (20% down, 25-yr amortization, stress-tested) — roughly 180% above the area median.

Median household income: $83,000
Population: 46,440
Median age: 40
Owner / renter: 53% / 47%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M4C)

$1,189,000· $703/ft²

For sale

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Financing

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