Description

Fantastic opportunity to own a versatile mixed-use property in a prime, high-traffic location on Eglinton Ave E in Scarborough. This well-maintained building features both commercial and residential components, making it ideal for investors or end users seeking strong, stable income potential. The commercial space offers excellent street exposure with consistent foot and vehicle traffic, while the residential units provide comfortable living with separate entrances, ensuring privacy and flexibility. Strategically located near major highways, public transit (KENNEDY GO and SUBWAY STATIONS), shopping, and everyday amenities, this property delivers unmatched convenience for both business and residential occupants. Ample parking and outstanding visibility further enhance its appeal, making it a rare find in one of Toronto's rapidly growing and high-demand corridors. Extras: TWO residential units on the upper level, ONE street-front commercial unit, and ONE basement commercial unit. Property includes FOUR hydro meters, a new electrical panel, and a newly installed fence with durable galvanized gates at the rear. Investment Highlight: All four units are currently tenanted, providing immediate rental income. (id:66096)

Property Details

MLS®: E13495848
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: CR0.25(c0.25;r0.12)*680)
Interior Size: 2,335 ft²
Frontage: 22 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $10,599.18/yr
Listed: 131 days ago

Market Timing

Days on market

131d

Toronto (Kennedy Park) listings, avg age

51d

Price / ft²

$556

List price

$1.30M

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.

Area context

Neighbourhood profile (M1K)

This home lists at $1,298,000, about 17.9× the local median household income of $72,500.

Carrying it typically needs a household income of about $253,545 (20% down, 25-yr amortization, stress-tested) — roughly 250% above the area median.

Median household income: $72,500
Population: 48,175
Median age: 40.4
Owner / renter: 50% / 50%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1K)

$1,298,000· $556/ft²

For sale

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2685 Eglinton Avenue East, Toronto (Kennedy Park) - Retail for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (M1K)

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