This retail property in Toronto is for sale offering roughly 2,942 sq ft of space. It has been on the market 16 days, fresher than the Toronto average of 48 days.

Description

Welcome to 637 Kingston Road, a solid, brick 2-storey building located on a highly visible intersection at the southwest corner of Kingston and Southwood. Main floor AAA anchor tenant with two residential units on the second floor, signage on the roof and existing garage foundation with development potential. Situated in a well-established, walkable area with the TTC at your door. Substantial upside, suits a variety of investment strategies. (id:66096)

Property Details

MLS®: E14092790
Property Type: Retail
Zoning: CR2(c0.5;r2*2230)
Parking: 2
Interior Size: 2,942 ft²
Frontage: 25 ft
Building Area: 2,942 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $28,261.06/yr
Listed: 16 days ago

Market Timing

Days on market

16d

Toronto (The Beaches) listings, avg age

48d

Price / ft²

$985

List price

$2.90M

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 (The Beaches) has been listed for 16 days, which is 32 days fresher than the city average of 48. Act while there is still low competition.

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Area context

Neighbourhood profile (M4E)

This home lists at $2,899,000, about 25.9× the local median household income of $112,000.

Carrying it typically needs a household income of about $566,276 (20% down, 25-yr amortization, stress-tested) — roughly 406% above the area median.

Median household income: $112,000
Population: 25,473
Median age: 42.8
Owner / renter: 64% / 36%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M4E)

$2,899,000· $985/ft²

For sale

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Financing

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637 Kingston Road, Toronto (The Beaches) - Retail for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M4E)

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