$1,499,000
Toronto
604 Marlee Avenue, Toronto (Yorkdale-Glen Park), Ontario, M6B3J5
This retail property in Toronto is for sale offering roughly 2,571 sq ft of space. It has been on the market 43 days, fresher than the Toronto average of 72 days.
Prime Mixed-Use Investment Opportunity! Well-maintained mixed-use property in the Marlee/Glencairn Plaza with direct access to convenient plaza parking. Property is anchored by the fully leased ground-floor commercial retail space providing stable and reliable income flow. Upper levels are comprised of two spacious 2-storey residential units (2 bedroom/1 bathroom each). Apartment A presents an ideal opportunity for owner-occupancy, end-users or immediate rental income. The unit features updated broadloom on staircase, updated windows, updated 1x4pc. bathroom and painted throughout. Apartment B is currently occupied on a month-to-month tenancy. Potential future development opportunities may further enhance the property's long-term value and investment appeal. A versatile asset ideal for investors, owner-operators, or those seeking a property with income and growth potential. Do not miss out! (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 43 days on market, against an average age of 72 days across the listings currently for sale in this city
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.
This retail in Toronto (Yorkdale-Glen Park) has been listed for 43 days, which is 29 days fresher than the city average of 72. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,499,000, about 17.4× the local median household income of $86,000.
Carrying it typically needs a household income of about $292,807 (20% down, 25-yr amortization, stress-tested) — roughly 240% above the area median.
Source: Statistics Canada, 2021 Census (FSA M6B)
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