Description

Prime redevelopment/investment opportunity in a high-exposure, high-traffic location on Weston Rd. Property may be purchased individually or together with 2181 Weston Rd. and 2183 Weston Rd. as part of a larger land assembly. Excellent future development potential. Buyer to conduct their own due diligence regarding zoning, permitted uses, and redevelopment opportunities. (id:66096)

Property Details

MLS®: W13647814
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: commercial residential
Interior Size: 950 ft²
Frontage: 13 ft
Building Area: 950 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $5,500/yr
Listed: 90 days ago

Market Timing

Days on market

90d

Toronto (Weston) listings, avg age

67d

Price / ft²

$841

List price

$799K

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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Area context

Neighbourhood profile (M9N)

This home lists at $799,000, about 11.5× the local median household income of $69,500.

Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 125% above the area median.

Median household income: $69,500
Population: 26,059
Median age: 39.6
Owner / renter: 42% / 58%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M9N)

$799,000· $841/ft²

For sale

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Financing

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2187 Weston Road, Toronto (Weston) - Retail for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M9N)

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