Overview

This office property in Toronto is for sale offering roughly 3,000 sq ft of space. It has been on the market 39 days, fresher than the Toronto average of 87 days.

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Description

Exceptional Development Opportunity On Sheppard Ave W In The Heart Of North York! Prime Site For Developers, Builders And Investors Along The Highly Desirable Sheppard Corridor. Situated On An Approx. 6,250 Sq. Ft. Lot, 290 Sheppard Ave W Benefits From Approved Zoning For A 6-Storey Boutique Hotel Development. The Architectural Concept Contemplates Approximately 38 Hotel Rooms, Presenting An Excellent Opportunity For Hotel Operators And Developers. The Property Offers Prominent Sheppard Ave W Frontage, Excellent Exposure And Convenient Access To Yonge & Sheppard, Subway, Hwy 401, Shops, Restaurants And Major Amenities. Architectural Plans And Development Documents Available. A Rare Opportunity To Acquire A Development Site In One Of North York's Most Established And Accessible Corridors. **** CR Zoning Also Permits A Range Of Commercial And Community Uses, Including Office, Medical Office, Financial Institution, Personal Service Shop, Wellness Centre, Artist Studio, Educational Uses And Other Permitted Uses. Approx. FSI 2.5. **** (id:66096)

Property Details

MLS®: C13832624
Property Type: Office
Zoning: COMMERCIAL
Parking: 8
Interior Size: 3,000 ft²
Lot Size: 50 × 125 ft (6,266 sq ft)
Frontage: 50 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $26,843.29/yr
Listed: 39 days ago

Market Timing

Days on market

39d

Toronto (Lansing-Westgate) listings, avg age

87d

Price / ft²

$819

List price

$2.46M

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 office in Toronto (Lansing-Westgate) has been listed for 39 days, which is 48 days fresher than the city average of 87. Act while there is still low competition.

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Area context

Neighbourhood profile (M2N)

This home lists at $2,458,000, about 30.0× the local median household income of $82,000.

Carrying it typically needs a household income of about $480,133 (20% down, 25-yr amortization, stress-tested) — roughly 486% above the area median.

Median household income: $82,000
Population: 75,100
Median age: 38
Owner / renter: 59% / 41%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M2N)

$2,458,000· $819/ft²

For sale

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Financing

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290 sheppard Avenue West, Toronto (Lansing-Westgate) - Office for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (M2N)

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