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$1,299,000
Toronto
3226 Eglinton Avenue East, Toronto (Scarborough Village), Ontario, M1J2H6
This retail property in Toronto is for sale offering roughly 2,200 sq ft of space.
Prime Mixed-Use Investment Opportunity in Scarborough! Exceptional opportunity to own a well-maintained end-unit mixed-use commercial property in a high-visibility location at the intersection of Eglinton Avenue East and Markham Road. This income-producing property offers an excellent combination of stable commercial income and beautifully renovated residential living spaces.The main floor is occupied by a long-term, established commercial tenant, providing reliable cash flow and peace of mind for investors. Above and below, you'll find beautifully renovated residential apartments, offering modern finishes and additional income potential.Situated in a busy commercial corridor with excellent exposure, strong pedestrian and vehicle traffic, and convenient access to public transit, major highways, shopping, and amenities, this property is well-positioned for long-term appreciation.Property Highlights: Prime corner/end-unit location; High-exposure site at Eglinton Avenue East & Markham Road; Stable, long-term commercial tenant; Beautifully renovated second-floor and lower-level residential apartments; Multiple income streams; Excellent opportunity for investors or owner-investors. Convenient access to TTC, Highway 401, schools, shopping, and everyday amenities. Don't miss this rare opportunity to acquire a turnkey mixed-use investment in one of Scarborough's established commercial corridors with dependable income and future upside. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 92 days on market, against an average age of 49 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 (Scarborough Village) 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 $1,299,000, about 17.0× the local median household income of $76,500.
Carrying it typically needs a household income of about $253,740 (20% down, 25-yr amortization, stress-tested) — roughly 232% above the area median.
Source: Statistics Canada, 2021 Census (FSA M1J)
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