$1,328,800

$1,350,000For salePrice drop↓ $21,200 (2%)

617 Vaughan Road, Toronto (Oakwood Village) - Retail for Sale

617 Vaughan Road, Toronto (Oakwood Village), Ontario, M6C2R4

3,692 ft²31 × 151 ft (4,669 sq ft) lot sizeListed 50 days ago

Overview

This retail property in Toronto is for sale offering roughly 3,692 sq ft of space. It has been on the market 50 days, fresher than the Toronto average of 59 days.

Retail Space for Sale in Toronto →All real estate in Toronto →

Description

Exceptional two-storey commercial property offered for sale in a high-visibility location at Vaughan Rd. and Oakwood Ave.. The main floor features a spacious retail storefront with large display windows and a generous open-concept layout, ideal for a variety of retail or commercial uses. The upper level offers three bright and spacious offices with large windows and plenty of natural light. The finished Basement features a large open area for Meetings, one office, a kitchenette and bathroom. First and second floors feature separate street-level entrances. The finished basement offers a walk-out to an oversized backyard, creating potential for future development opportunities, subject to municipal approvals. Conveniently located, close to transport, major highways and numerous amenities. An excellent opportunity for investors and owner-operators looking for a versatile property in an up-and-coming area. Tenant on the 2nd floor willing to stay... (id:66096)

Property Details

MLS®: C13787168
Property Type: Retail
Zoning: CR2(c1;r2*983)
Interior Size: 3,692 ft²
Lot Size: 31 × 151 ft (4,669 sq ft)
Frontage: 31 ft
Heating: Other
Cooling: None
Property Tax: $10,276.11/yr
Listed: 50 days ago

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

50d

Toronto (Oakwood Village) listings, avg age

59d

Price / ft²

$360

List price

$1.33M

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 50 days, which is 9 days fresher than the city average of 59. Act while there is still low competition.

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Listed by REMAX YOUR COMMUNITY REALTY · GEORGE H. OELKER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6C)

This home lists at $1,328,800, about 14.6× the local median household income of $91,000.

Carrying it typically needs a household income of about $259,561 (20% down, 25-yr amortization, stress-tested) — roughly 185% above the area median.

Median household income: $91,000
Population: 23,997
Median age: 40.4
Owner / renter: 50% / 50%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M6C)

$1,328,800· $360/ft²

For sale

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Financing

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