$1,350,000

For sale

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2857 LAKE SHORE Boulevard West, Toronto (New Toronto) - Retail for Sale

2857 LAKE SHORE Boulevard West, Toronto (New Toronto), Ontario, M8V1H8

4 parking4,032 ft²42 × 73 ft (3,057 sq ft) lot size

2792 Lake Shore Boulevard West, Toronto (New Toronto), Ontario, M8V1H5

2 pk1,400 ft²

Listed by HARVEY KALLES REAL ESTATE LTD.

2819 Lake ashore Boulevard, Toronto (New Toronto), Ontario, M8V1H6

For sale

165 days ago

$2.99M

2819 Lake ashore Boulevard, Toronto (New Toronto), Ontario, M8V1H6

7 ba2 pk5,600 ft²Lot size 39 × 100 ft (3,856 sq ft)

Listed by HOMELIFE LANDMARK REALTY INC.

$1,350,000

Toronto

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Overview

This retail property in Toronto is for sale offering roughly 4,032 sq ft of space. It has been on the market 35 days, fresher than the Toronto average of 78 days.

Retail Space for Sale in Toronto →All real estate in Toronto →

Description

Fully leased mixed-use investment opportunity in New Toronto, just east of Lake Shore Blvd W & Islington Ave. Four income streams comprising two commercial units and two apartments. Four parking spaces and basement. Positioned along the established Lake Shore Blvd W commercial corridor in an evolving South Etobicoke neighbourhood surrounded by residential communities, parks and local businesses. Within walking distance of waterfront parks along Lake Ontario. Excellent opportunity to acquire a fully tenanted mixed-use asset with diversified commercial and residential income in a fantastic established lakeside community. (id:66096)

Property Details

MLS®: W13843046
Property Type: Retail
Zoning: CR3(c3;r3)
Parking: 4
Interior Size: 4,032 ft²
Lot Size: 42 × 73 ft (3,057 sq ft)
Frontage: 41 ft
Heating: Hot water radiator heat, Natural gas, Radiator
Cooling: None
Property Tax: $14,598.19/yr
Listed: 35 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

35d

Toronto (New Toronto) listings, avg age

78d

Price / ft²

$335

List price

$1.35M

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 (New Toronto) has been listed for 35 days, which is 43 days fresher than the city average of 78. Act while there is still low competition.

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Listed by RE/MAX ULTIMATE REALTY INC. · JULIE SEO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $1,350,000, about 17.1× the local median household income of $79,000.

Carrying it typically needs a household income of about $263,702 (20% down, 25-yr amortization, stress-tested) — roughly 234% above the area median.

Median household income: $79,000
Population: 44,144
Median age: 40
Owner / renter: 49% / 51%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M8V)

$1,350,000· $335/ft²

For sale

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Financing

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