3221 Yonge Street, Toronto (Lawrence Park North), Ontario, M4N2L3
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$2,495,000
Toronto
This retail property in Toronto is for sale offering roughly 2,010 sq ft of space.
Prime Yonge-Lawrence investment opportunity. Exceptional lot depth offers potential for future redevelopment. Excess land currently used as parking. Steps to Lawrence TTC Station and surrounded by shops, amenities, and multiple nearby development projects. Existing leases provide steady income with potential to increase rental rates and reposition the property for added value. Outstanding Yonge Street exposure. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 222 days on market, against an average age of 55 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 (Lawrence Park North) 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 $2,495,000, about 17.1× the local median household income of $146,000.
Carrying it typically needs a household income of about $487,361 (20% down, 25-yr amortization, stress-tested) — roughly 234% above the area median.
Source: Statistics Canada, 2021 Census (FSA M4N)