Overview

This retail property in Toronto is for sale offering roughly 7,999 sq ft of space.

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Description

Exceptional Corner-Lot Investment Opportunity In Toronto's Transforming Golden Mile! This Seller-Owned Land And Building Present An Outstanding Opportunity To Acquire A Strategically Located Property In One Of Toronto's Most Rapidly Evolving Areas. Situated On A Prominent Corner Lot And Surrounded By Significant Current And Planned Development, The Property Offers Excellent Long-Term Investment Potential. The Golden Mile Secondary Plan Is In Effect, Creating Exciting Future Mid-Rise Development Potential. The Property Is Currently Tenanted With Annual Rent Escalations, Providing Ongoing Income, And The Buyer Must Assume The Existing Tenant And Tenancy Agreement. Survey, Building Plans, And Floor Plans Are Available. An Exceptional Opportunity For Investors And Developers Seeking A Prime Property In A Rapidly Transforming Toronto Neighbourhood. (id:66096)

Property Details

MLS®: E13580196
Property Type: Retail
Zoning: Commercial
Interior Size: 7,999 ft²
Lot Size: 50 × 148 ft (7,375 sq ft)
Frontage: 50 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $48,479.83/yr
Listed: 109 days ago

Market Timing

Days on market

109d

Toronto (Clairlea-Birchmount) listings, avg age

40d

Price / ft²

$465

List price

$3.72M

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 (Clairlea-Birchmount) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Area context

Neighbourhood profile (M1L)

This home lists at $3,719,000, about 47.7× the local median household income of $78,000.

Carrying it typically needs a household income of about $726,451 (20% down, 25-yr amortization, stress-tested) — roughly 831% above the area median.

Median household income: $78,000
Population: 35,833
Median age: 38.8
Owner / renter: 51% / 49%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M1L)

$3,719,000· $465/ft²

For sale

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Financing

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2043 Eglinton Avenue East, Toronto (Clairlea-Birchmount) - Retail for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (M1L)

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