This retail property in Toronto is for sale offering roughly 3,591 sq ft of space. It has been on the market 16 days, fresher than the Toronto average of 58 days.

Description

Rare opportunity to acquire 1983 & 1985 Davenport Rd together in a rapidly developing Torontolocation. Excellent investment and future development potential with potential for 6-8 storeys,subject to approvals, plus rear laneway access. 1983 features commercial space on the mainfloor and a 2-bedroom unit on the second floor; 1985 features residential units, including afully renovated 3-bedroom apartment. All tenancies are month-to-month, offering flexibility forinvestors and future development. VTB financing available up to $1,760,000 for a 25-year term,subject to mutually agreed terms. (id:66096)

Property Details

MLS®: W14094412
Property Type: Retail
Zoning: R (D1*805)
Interior Size: 3,591 ft²
Lot Size: 34 × 106 ft (3,639 sq ft)
Frontage: 34 ft
Heating: Forced air, Natural gas
Cooling: None
Property Tax: $14,375.36/yr
Listed: 16 days ago

Market Timing

Days on market

16d

Toronto (Annex) listings, avg age

58d

Price / ft²

$585

List price

$2.10M

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

This retail in Toronto (Annex) has been listed for 16 days, which is 42 days fresher than the city average of 58. Act while there is still low competition.

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Area context

Neighbourhood profile (M6N)

This home lists at $2,099,000, about 27.8× the local median household income of $75,500.

Carrying it typically needs a household income of about $410,008 (20% down, 25-yr amortization, stress-tested) — roughly 443% above the area median.

Median household income: $75,500
Population: 40,252
Median age: 40.8
Owner / renter: 58% / 42%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M6N)

$2,099,000· $585/ft²

For sale

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Financing

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1983-85 Davenport Road, Toronto (Annex) - Retail for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M6N)

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