Overview

This retail property in Toronto is for sale offering roughly 3,275 sq ft of space. It has been on the market 49 days, fresher than the Toronto average of 55 days.

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Description

Prime Commercial Investment Opportunity In The Highly Sought-After Yonge & Sheppard Corridor In North York. Exceptional Location With High Pedestrian Traffic And Excellent Street Visibility, Ideal For Retail Or Professional Use. Steps To Sheppard-Yonge Station With Access To both TTC Subway Lines 1 & 4, Offering Outstanding Transit Connectivity And Consistent Commuter Flow. Surrounded By High-Density Residential Towers, Office Buildings, And Established Retail, Providing A Strong Built-In Customer Base And Diverse Tenant Environment With Low Vacancy Risk. Convenient Access To Highway 401 Enhances Accessibility Across The GTA. Commercial Condominium Units Featuring Direct Elevator Access To Underground Parking For Added Convenience. *Parking available at additional cost.*Property offered under Power of Sale With Flexible Financing-60-70% Vendor Take-Back (VTB) May Be Available For Qualified Buyers. (id:66096)

Property Details

MLS®: C13793704
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: COMMERCIAL
Interior Size: 3,275 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Garage: Underground
Property Tax: $49,556.25/yr
Listed: 49 days ago

Market Timing

Days on market

49d

Toronto (Willowdale East) listings, avg age

55d

Price / ft²

$974

List price

$3.19M

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 (Willowdale East) has been listed for 49 days, which is 6 days fresher than the city average of 55. Act while there is still low competition.

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Area context

Neighbourhood profile (M2N)

This home lists at $3,190,000, about 38.9× the local median household income of $82,000.

Carrying it typically needs a household income of about $623,119 (20% down, 25-yr amortization, stress-tested) — roughly 660% above the area median.

Median household income: $82,000
Population: 75,100
Median age: 38
Owner / renter: 59% / 41%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M2N)

$3,190,000· $974/ft²

For sale

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Financing

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Description

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Market Timing

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Neighbourhood profile (M2N)

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