$2,988,000
Toronto
2963 Dundas Street West, Toronto (Junction Area), Ontario, M6P1Z2
This retail property in Toronto is for sale offering roughly 5,889 sq ft of space.
Located in the Best block in the Junction this meticulously maintained 3 storey property is just shy of 6,000 sq. ft, and is filled with character and possibilities. The building can be offered with vacant possession allowing for many possibilities for a user including LIVE/WORK, or the 2,241 sf main floor could be converted to a commercial use with souring 14' ceilings making a perfect location for a retail,hospitality, or services business with ample auxiliary income from the floors above. Currently configured as 5 large, beautifully updated,apartments with private terraces and up to a total of 14 bedrooms, this property boasts the potential of achieving an estimated cap rate of over 6% for an investor. Front entrance to lower level. A Green 'P' surface parking lot with electric charging stations and Bikeshare docks backson to the property and is accessible by a rear gate. 24 hour bus at front door, walking distance to Bloor Subway, UP Express & Stockyards Mall. Seller may consider VTB 2nd mtge at terms to be negotiated. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 147 days on market, against an average age of 63 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 (Junction Area) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $2,988,000, about 34.7× the local median household income of $86,000.
Carrying it typically needs a household income of about $583,661 (20% down, 25-yr amortization, stress-tested) — roughly 579% above the area median.
Source: Statistics Canada, 2021 Census (FSA M6P)
Pick a time that suits you. A verified local agent confirms within 24h.
Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.
Inquire about financing →