Description

*ABSOLUTELY STUNNING!* FULLY GUTTED AND RENOVATED TWO STOREY BUILDING IN PRIME RONCESVALLES VILLAGE* GORGEOUS FLOOR TO CEILING GLASS STOREFRONT WITH DOORS OPENING TO RONCESVALLES* BEAUTIFUL EXPOSED BRICK WALLS ON TWO FLOORS WITH WOOD FLOORING THROUGHOUT* LARGE SECOND FLOOR TWO BEDROOM APT WITH JULIETTE BALCONY AT THE FRONT AND WALKOUT TO PRIVATE DECK AT THE REAR* AMAZING LONG TERM TENANTS* IDEAL USER/INVESTOR OPPORTUNITY. WITH GREAT UPSIDE POTENTIAL* TWO CAR PARKING AT REAR. CURRENT ANNUAL GROSS INCOME $100,800. APPROX 5% CAP RATE. *DON'T MISS OUT! (id:66096)

Property Details

MLS®: W13785392
Property Type: Retail
Zoning: CR2.5(c1;r2*1554)
Interior Size: 1,948 ft²
Lot Size: 16 × 125 ft (1,989 sq ft)
Frontage: 15 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $18,733.66/yr
Listed: 50 days ago

Market Timing

Days on market

50d

Toronto (Roncesvalles) listings, avg age

44d

Price / ft²

$872

List price

$1.70M

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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Area context

Neighbourhood profile (M6R)

This home lists at $1,699,000, about 16.3× the local median household income of $104,000.

Carrying it typically needs a household income of about $331,874 (20% down, 25-yr amortization, stress-tested) — roughly 219% above the area median.

Median household income: $104,000
Population: 19,349
Median age: 39.2
Owner / renter: 51% / 49%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M6R)

$1,699,000· $872/ft²

For sale

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Financing

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359 Roncesvalles Avenue, Toronto (Roncesvalles) - Retail for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M6R)

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