$1,499,000

For sale

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

41 Roncesvalles Avenue, Toronto (Roncesvalles), Ontario, M6R2K4

2,355 ft²17 × 75 ft (1,263 sq ft) lot sizeListed 49 days ago

Overview

This retail property in Toronto is for sale offering roughly 2,355 sq ft of space.

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Description

Rare mixed-use opportunity on Roncesvalles Ave, with vacant possession! The main floor features a fully renovated 928 sq. ft. commercial space with 14 ft ceilings, exceptional natural light, and outstanding street exposure benefiting from strong daily vehicle, pedestrian and transit traffic. Over 200k in recent upgrades, including new flooring, lighting, and a renovated washroom, creating a turnkey space, ideal for a variety of retail or service uses. The second floor offers a spacious 1427 sq ft two-storey residential unit with four bedrooms and two renovated bathrooms. Well-suited for end-users or investors, the upper unit provides flexibility for rental income or owner occupancy. Offered at an attractive 5.75% projected Cap Rate. A unique opportunity to secure a high-visibility commercial space with significant residential upside in a prime location. (id:66096)

Property Details

MLS®: W13793796
Property Type: Retail
Zoning: CR 2.5 (cl;r2*1766)
Interior Size: 2,355 ft²
Lot Size: 17 × 75 ft (1,263 sq ft)
Frontage: 16 ft
Heating: Forced air, Natural gas
Cooling: None
Property Tax: $9,882.28/yr
Listed: 49 days ago

Features

Appliances: Hood Fan

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

49d

Toronto (Roncesvalles) listings, avg age

44d

Price / ft²

$637

List price

$1.50M

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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Listed by CHESTNUT PARK REAL ESTATE LIMITED · NIC MARTIN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6R)

This home lists at $1,499,000, about 14.4× the local median household income of $104,000.

Carrying it typically needs a household income of about $292,807 (20% down, 25-yr amortization, stress-tested) — roughly 182% 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)

$1,499,000· $637/ft²

For sale

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Financing

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