$2,300,000
Toronto
6462 Kingston Road, Toronto (Highland Creek), Ontario, M1C1L4
This retail property in Toronto is for sale offering roughly 2,650 sq ft of space. It has been on the market 44 days, fresher than the Toronto average of 49 days.
Automotive Opportunity! Building & Land With Established Automotive Business. Auto-zoned property in a high-visibility location on Kingston Road in Scarborough's Highland Creek area. Excellent exposure and convenient access to Highway 401, making this an ideal location for an automotive operator looking to serve customers throughout Scarborough and the eastern GTA. The property is situated within an established automotive corridor, with multiple automotive businesses operating along Kingston Road and the surrounding area. Currently operating as an established full-service auto repair garage, with potential for a car sales operation. The property offers excellent accessibility, visibility and functionality for a variety of automotive uses. Long-term development potential provides additional upside for investors and owner-operators. An exceptional opportunity to acquire automotive-zoned land and building in an established and highly accessible Scarborough location. Please do not go direct. Don't contact owner or staff. Low risk phase 1 environmental, floorplan, survey and brochure available. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 44 days on market, against an average age of 49 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 (Highland Creek) has been listed for 44 days, which is 5 days fresher than the city average of 49. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,300,000, about 17.7× the local median household income of $130,000.
Carrying it typically needs a household income of about $449,271 (20% down, 25-yr amortization, stress-tested) — roughly 246% above the area median.
Source: Statistics Canada, 2021 Census (FSA M1C)
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