Overview

This retail property in Toronto is for sale offering roughly 2,755 sq ft of space.

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Description

Excellent investor opportunity with character. Fully leased with excellent income. Two well established retail tenants (main and lower level) and two residential units (second and third levels). Two parking spaces with laneway access. Many upgrades including rear stairwell and decks, 200 amp service, 4 hydro meters, new roof and sub panels in each unit. This is a turn key investment property in the heart of Cabbagetown. Ideally located next to public transit, restaurants, bars, cafes and TMU. (id:66096)

Property Details

MLS®: C13770602
Property Type: Retail
Zoning: CR1.5(C10;)R1.0 SS2(1873)
Parking: 2
Interior Size: 2,755 ft²
Lot Size: 17 × 100 ft (1,694 sq ft)
Frontage: 16 ft
Heating: Hot water radiator heat, Baseboard heaters, Natural gas
Cooling: Fully air conditioned
Property Tax: $15,346/yr
Listed: 54 days ago

Market Timing

Days on market

54d

Toronto (Cabbagetown-South St. James Town) listings, avg age

56d

Price / ft²

$599

List price

$1.65M

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 (Cabbagetown-South St. James Town) has been listed for 54 days, which is 2 days fresher than the city average of 56. Act while there is still low competition.

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Area context

Neighbourhood profile (M4X)

This home lists at $1,649,000, about 28.0× the local median household income of $58,800.

Carrying it typically needs a household income of about $322,107 (20% down, 25-yr amortization, stress-tested) — roughly 448% above the area median.

Median household income: $58,800
Population: 19,896
Median age: 39.2
Owner / renter: 15% / 85%
Avg. household size: 2

Source: Statistics Canada, 2021 Census (FSA M4X)

$1,649,000· $599/ft²

For sale

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Financing

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194A Carlton Street, Toronto (Cabbagetown-South St. James Town) - Retail for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M4X)

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