Description

Attractive Income Corner Property With 85' Frontage On Armadale Ave. Renovated Two One-Bedroom, Two Two-Bedroom Apartments And Two Commercial Units Fully Leased. Located Next To The Jane Subway Station. Newer Roof And Windows. Six Separate Hydro Meters. Separate Gas Meter for the Restaurant Tenant. An Excellent Investment For The Discriminating Buyer. The Return is over 4.25 (id:66096)

Property Details

MLS®: W13605076
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: Cr 2.5
Interior Size: 3,657 ft²
Lot Size: 18 × 85 ft (1,558 sq ft)
Frontage: 18 ft
Heating: Hot water radiator heat, Natural gas
Cooling: Partially air conditioned
Property Tax: $28,812.59/yr
Listed: 103 days ago

Market Timing

Days on market

103d

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

37d

Price / ft²

$1,094

List price

$4.00M

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 (M6S)

This home lists at $3,999,000, about 37.0× the local median household income of $108,000.

Carrying it typically needs a household income of about $781,145 (20% down, 25-yr amortization, stress-tested) — roughly 623% 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)

$3,999,000· $1,094/ft²

For sale

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Financing

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2400 Bloor Street West, Toronto (Runnymede-Bloor West Village) - Retail for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (M6S)

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