Description

Excellent Opportunity For An Investor To Own A Commercial Property With Great Rental Income In The Heart Of Scarborough. Four Best Units (G101, G102. G103, G105 ) With Super Exposure In The Well Know Commercial Complex Of Skycity, Blossoming Outdoor Shopping Center With Busy Traffic, Versatile M Zoning Allows For A Wide Range Of Commercial Use, End Units, Ample Parkings. Step To Ttc, Close To All Amenities, Easy Access To Hwy 401/404. An Opportunity You Don't Want To Miss. Act Quickly To Avoid Disappointments. (id:66096)

Property Details

MLS®: E13624122
Property Type: Retail
Zoning: commercial
Interior Size: 3,138 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $23,701.24/yr
Listed: 97 days ago

Market Timing

Days on market

97d

Toronto (Milliken) listings, avg age

110d

Price / ft²

$1,364

List price

$4.28M

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 retail in Toronto (Milliken) has been listed for 97 days, which is 13 days fresher than the city average of 110. Act while there is still low competition.

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Area context

Neighbourhood profile (M1V)

This home lists at $4,280,000, about 52.2× the local median household income of $82,000.

Carrying it typically needs a household income of about $836,034 (20% down, 25-yr amortization, stress-tested) — roughly 920% above the area median.

Median household income: $82,000
Population: 50,825
Median age: 45.6
Owner / renter: 81% / 19%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA M1V)

$4,280,000· $1,364/ft²

For sale

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Financing

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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.

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3250 Midland Avenue, Toronto (Milliken) - Retail for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (M1V)

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