288 Boon Avenue, Toronto (Caledonia-Fairbank) - Retail for Sale
288 Boon Avenue, Toronto (Caledonia-Fairbank), Ontario, M6E4A4
5 baths parking
$1,499,000
Toronto
288 Boon Avenue, Toronto (Caledonia-Fairbank), Ontario, M6E4A4
$1,499,000
Toronto
This retail property in Toronto is for sale offering roughly 2,000 sq ft of space. It has been on the market 37 days, fresher than the Toronto average of 51 days.
A mixed-use/live-work! hard to find detached, corner property at Rogers Road & Boon Ave. A great find for the discerning Investor. This Live/Work Opportunity has great rental income with established restaurant on the first floor for over 20 years. Restaurant Commercial unit facing Rogers Road, with separate storage unit. Separate entrance facing Boon Ave provides access to 2nd Floor tenants, with 1 bachelor Unit, and a 1 bdrm Apt., with walk-out sliding door to an open terrace overlooking the Toronto skyline. The finished basement has a separate entrance with two 1 bedroom self contained apartments.Other conveniences include separately metered units and entrances. Three private parking spots fronting Rogers Rd. Public transportation at the door, TTC, minutes to Eglinton LRT. Schools, shopping, restaurants and parks. Community Centres with pools nearby. Minutes to 401, 400, and Allen Expressway. Whether you're looking for an owner occupied with live/work and rental income, or a redevelopment opportunity, this property is a solid investment in the heart of the city. Tenants are month-to-month and are willing to stay, or vacant possession can be arranged. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 37 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 (Caledonia-Fairbank) has been listed for 37 days, which is 14 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 $1,499,000, about 18.3× the local median household income of $82,000.
Carrying it typically needs a household income of about $292,807 (20% down, 25-yr amortization, stress-tested) — roughly 257% above the area median.
Source: Statistics Canada, 2021 Census (FSA M6E)
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