Overview

This retail property in Toronto is for sale offering roughly 1,800 sq ft of space. It has been on the market 28 days, fresher than the Toronto average of 59 days.

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Description

LIVE/WORK & INVESTMENT OPPORTUNITY! In the sought after Oakwood/Eglinton/Vaughan corridor.538 Oakwood Ave., presents a rare mixed use property with commercial space on the ground floor and a spacious 2 bedroom apt on the second floor. Apartment includes 2 bedrooms, a kitchen and washroom with separate entrance. Don't miss your chance to add this live/work opportunity to your portfolio. Situated in the hub of the city with many exciting developments slated for the area. Suited for many types of retail businesses with a bachelor apartment on main floor.Basement ideal for storage. Owner occupied or rental income, this property is a great investment. Buyer/Buyer's agent to conduct their own due diligence regarding zoning, permitted uses, building details, measurements, taxes and municipal requirements, including any other proposed or intended use of the property. Tenants are on month to month and can stay or vacant possession. Do not disturb tenants.Min 24 hr notice, Showings by appointment only. (id:66096)

Property Details

MLS®: C13873282
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: CR2
Bathrooms: 4
Interior Size: 1,800 ft²
Lot Size: 16 × 105 ft (1,676 sq ft)
Frontage: 15 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $8,200/yr
Listed: 28 days ago

Market Timing

Days on market

28d

Toronto (Oakwood Village) listings, avg age

59d

Price / ft²

$755

List price

$1.36M

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 (Oakwood Village) has been listed for 28 days, which is 31 days fresher than the city average of 59. Act while there is still low competition.

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Area context

Neighbourhood profile (M6E)

This home lists at $1,359,000, about 16.6× the local median household income of $82,000.

Carrying it typically needs a household income of about $265,460 (20% down, 25-yr amortization, stress-tested) — roughly 224% above the area median.

Median household income: $82,000
Population: 37,684
Median age: 40.8
Owner / renter: 55% / 45%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M6E)

$1,359,000· $755/ft²

For sale

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Financing

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538 Oakwood Avenue, Toronto (Oakwood Village) - Retail for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M6E)

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