$5,990,000

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460 College Street, Toronto (Palmerston-Little Italy) - Retail for Sale

460 College Street, Toronto (Palmerston-Little Italy), Ontario, M6G1A1

2 parking6,876 ft²30 × 132 ft (3,960 sq ft) lot sizeListed 163 days ago

Overview

This retail property in Toronto is for sale offering roughly 6,876 sq ft of space.

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Description

Rare investment opportunity on bustling College Street just west of Bathurst Street in one of downtown Toronto's most vibrant and sought-after commercial corridors. Attractive mixed-use property featuring a Michelin-recommended restaurant/hospitality tenant with inviting front patio at grade, generating strong street presence and appeal. Upper floors offer versatile modern office space configurations including three self-contained second-floor units and a bright, light-filled third-floor office currently occupied by a single tenant. Property also features two rear parking spaces plus dedicated locker space for each office unit and shared laundry area in the rear basement. Fantastic downtown Toronto location near major TTC transit, leading hospitals, the University of Toronto, Kensington Market, and countless outstanding area amenities. (id:66096)

Property Details

MLS®: C13170018
Property Type: Retail
Zoning: CR3(c3;r3*2512)
Parking: 2
Interior Size: 6,876 ft²
Lot Size: 30 × 132 ft (3,960 sq ft)
Frontage: 30 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $66,979.5/yr
Listed: 163 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

163d

Toronto (Palmerston-Little Italy) listings, avg age

56d

Price / ft²

$871

List price

$5.99M

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 RE/MAX ULTIMATE REALTY INC. · JULIE SEO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6G)

This home lists at $5,990,000, about 65.8× the local median household income of $91,000.

Carrying it typically needs a household income of about $1,170,057 (20% down, 25-yr amortization, stress-tested) — roughly 1186% above the area median.

Median household income: $91,000
Population: 30,600
Median age: 39.6
Owner / renter: 49% / 51%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M6G)

$5,990,000· $871/ft²

For sale

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Financing

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