Description

A rare opportunity to acquire a corner freestanding 3-bay automotive property with 4 gas pumps. Zoned CR (Commercial Residential), the site offers flexibility for continued automotive and gas station use today, with strong future mid-rise redevelopment. The property is currently leased to an automotive repair business on a month-to month basis, allowing for vacant possession, making this an ideal opportunity for both end-users and investors. The lot boasts 192 ft. of frontage on Kingston Rd and measures approx. 0.78 acres. (id:66096)

Property Details

MLS®: E13819470
Property Type: Vacant Land
Business Type: Residential
Zoning: CR-COMMERCIAL RESIDENTIAL
Lot Size: 33,977 sq ft (0.78 ac)
Frontage: 192 ft
Price per Acre: $4,743,562 per acre
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Garage: Other
Property Tax: $33,100/yr
Listed: 42 days ago

Market Timing

Days on market

42d

Toronto (West Hill) listings, avg age

60d

List price

$3.70M

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

This vacant land in Toronto (West Hill) has been listed for 42 days, which is 18 days fresher than the city average of 60. Act while there is still low competition.

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Area context

Neighbourhood profile (M1E)

This home lists at $3,700,000, about 45.1× the local median household income of $82,000.

Carrying it typically needs a household income of about $722,740 (20% down, 25-yr amortization, stress-tested) — roughly 781% above the area median.

Median household income: $82,000
Population: 48,033
Median age: 41.2
Owner / renter: 63% / 37%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M1E)

$3,700,000

For sale

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Financing

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4418 Kingston Road, Toronto (West Hill) - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M1E)

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