$5,500,000

For sale

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298 Markham Street, Toronto (Trinity-Bellwoods) - Retail for Sale

298 Markham Street, Toronto (Trinity-Bellwoods), Ontario, M6J2G6

7,132 ft²19 × 129 ft (2,419 sq ft) lot sizeListed 50 days ago

Overview

This retail property in Toronto is for sale offering roughly 7,132 sq ft of space.

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Description

298 Markham Street presents a rare opportunity to acquire a commanding, fully renovated three-storey multi-unit building with a beautiful rooftop patio, ideally located on Markham Street just south of College Street. Featuring bright, flexible office/commercial-style layouts, an established coffee shop tenancy on the main floor, an owner-occupied second floor and one owner-occupied third-floor unit that can be delivered vacant on closing, while the remaining third-floor unit is occupied on a month-to-month basis. Surrounded by popular restaurants, cafés, shops, services and amenities, with convenient access to public transit and downtown Toronto. A compelling opportunity for investors, end users, or those seeking a unique live/work setting in a vibrant downtown location. (id:66096)

Property Details

MLS®: C13784728
Property Type: Retail
Zoning: R(d0.6)
Interior Size: 7,132 ft²
Lot Size: 19 × 129 ft (2,419 sq ft)
Frontage: 19 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $39,408.36/yr
Listed: 50 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

50d

Toronto (Trinity-Bellwoods) listings, avg age

49d

Price / ft²

$771

List price

$5.50M

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

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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 (M6J)

This home lists at $5,500,000, about 61.1× the local median household income of $90,000.

Carrying it typically needs a household income of about $1,074,343 (20% down, 25-yr amortization, stress-tested) — roughly 1094% above the area median.

Median household income: $90,000
Population: 32,111
Median age: 36.8
Owner / renter: 49% / 51%
Avg. household size: 2

Source: Statistics Canada, 2021 Census (FSA M6J)

$5,500,000· $771/ft²

For sale

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Financing

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