$2,750,000
Toronto
2651 Eglinton Avenue East, Toronto (Kennedy Park), Ontario, M1K2S2
This retail property in Toronto is for sale offering roughly 4,570 sq ft of space. It has been on the market 34 days, fresher than the Toronto average of 51 days.
Ideally situated on a major arterial road within a high-traffic strip plaza, this versatile mixed-use property offers outstanding visibility, strong pedestrian traffic, and convenient access to public transit. Surrounded by a well-established residential community, the property provides both stable income and long-term growth potential. The building features:1 retail/commercial unit, 4 x residential apartments, including:2 spacious two-bedroom units, 1 large one-bedroom unit, 1 bachelor unit with additional basement space. The residential units provide consistent supplementary rental income, while the commercial space benefits from excellent street exposure and dual front/rear access. Property features strong income potential with multiple revenue streams. Tenants pay their own hydro. Full unfinished basement ideal for storage. Large retail display window, 2-piece washroom in retail unit. Front and rear access. Rear laneway access for deliveries. Excellent opportunity for investors or owner-operators. A rare chance to acquire a well-located, income-producing mixed-use property with future upside from the upcoming Scarborough Subway Extension currently under construction along Eglinton Avenue. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 34 days on market, against an average age of 51 days across the listings currently for sale in this city
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.
This retail in Toronto (Kennedy Park) has been listed for 34 days, which is 17 days fresher than the city average of 51. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,750,000, about 37.9× the local median household income of $72,500.
Carrying it typically needs a household income of about $537,171 (20% down, 25-yr amortization, stress-tested) — roughly 641% above the area median.
Source: Statistics Canada, 2021 Census (FSA M1K)
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