$1,750,000

For sale

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2340 Bloor Street West, Toronto (Runnymede-Bloor West Village) - Retail for Sale

2340 Bloor Street West, Toronto (Runnymede-Bloor West Village), Ontario, M6S1P3

3 baths1 parking1,964 ft²15 × 122 ft (1,830 sq ft) lot sizeListed 49 days ago

Overview

This retail property in Toronto is for sale offering roughly 1,964 sq ft of space.

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Description

Prime Bloor West Village Mixed-Use Asset with Proven Stability & Immediate Upside. Exceptional opportunity on one of Toronto's premier retail corridors with high visibility and incredible pedestrian traffic. This two-storey building features a 962 sq. ft. main-floor retail unit currently occupied by a AAA tenant (Second Cup) with a highly secure 40+ year tenancy history in the 2nd year of a 10-year lease. Value-add potential lies in the vacant 1,002 sq. ft. 3-bedroom upper apartment with a projected market rent of $3,000/month. Plus, a spacious rear patio space for an additional seating area and 1 dedicated parking space. Ideally zoned CR (Commercial Residential), it provides exceptional flexibility for a variety of mixed-use applications and long-term redevelopment opportunities. The perfect acquisition for investors seeking a well-established commercial asset in the highly desirable Bloor West Village market. Rarely available opportunity and first time on the market in 50+ years! (id:66096)

Property Details

MLS®: W13793152
Property Type: Retail
Zoning: CR2 (C2, R2*1974)
Bathrooms: 3
Parking: 1
Interior Size: 1,964 ft²
Lot Size: 15 × 122 ft (1,830 sq ft)
Frontage: 15 ft
Heating: Baseboard heaters
Cooling: Partially air conditioned
Property Tax: $25,485/yr
Listed: 49 days ago

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

49d

Toronto (Runnymede-Bloor West Village) listings, avg age

37d

Price / ft²

$891

List price

$1.75M

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 (Runnymede-Bloor West Village) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. · IAN WILSON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6S)

This home lists at $1,750,000, about 16.2× the local median household income of $108,000.

Carrying it typically needs a household income of about $341,836 (20% down, 25-yr amortization, stress-tested) — roughly 217% above the area median.

Median household income: $108,000
Population: 34,029
Median age: 41.6
Owner / renter: 68% / 33%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M6S)

$1,750,000· $891/ft²

For sale

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Financing

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