$1,199,000

$1,250,000For salePrice drop↓ $51,000 (4%)

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617 Gerrard Street East, Toronto (South Riverdale) - Retail for Sale

617 Gerrard Street East, Toronto (South Riverdale), Ontario, M4M1Y2

1 parking2,669 ft²14 × 120 ft (1,720 sq ft) lot sizeListed 91 days ago

Overview

This retail property in Toronto is for sale offering roughly 2,669 sq ft of space.

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Description

Prime Gerrard Street East mixed-use opportunity in South Riverdale. Attractive two-storey building featuring a large main-floor commercial space, a finished lower-level unit with a separate walk-down entrance, and a three-bedroom apartment above on a month-to-month tenancy. The main-floor and lower-level spaces will be delivered vacant on closing, providing flexibility for investors and an excellent opportunity for owner-users. Located in an established, revitalized east-end neighbourhood surrounded by restaurants, cafés, shops and local businesses, with convenient transit access and minutes to the DVP. Near the future Ontario Line Gerrard Station and proposed Gerrard-Carlaw transit-oriented community. (id:66096)

Property Details

MLS®: E13638510
Property Type: Retail
Zoning: CR2.5(c2;r2*2223)
Parking: 1
Interior Size: 2,669 ft²
Lot Size: 14 × 120 ft (1,720 sq ft)
Frontage: 14 ft
Heating: Forced air
Cooling: Partially air conditioned
Property Tax: $11,691.66/yr
Listed: 91 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

91d

Toronto (South Riverdale) listings, avg age

47d

Price / ft²

$449

List price

$1.20M

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 (M4M)

This home lists at $1,199,000, about 12.1× the local median household income of $99,000.

Carrying it typically needs a household income of about $234,207 (20% down, 25-yr amortization, stress-tested) — roughly 137% above the area median.

Median household income: $99,000
Population: 25,052
Median age: 38.8
Owner / renter: 56% / 44%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M4M)

$1,199,000· $449/ft²

For sale

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