Overview

This retail property in Toronto is for sale offering roughly 4,199 sq ft of space. It has been on the market 22 days, fresher than the Toronto average of 56 days.

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Description

Mixed-Use Investment Opportunity In The Heart Of Toronto's Little Italy Neighbourhood. Main Floor Commercial Storefront Occupied By A Specialty Beverage Retail Tenant. Second Floor Features Two Tenanted Residential Apartments, With An Additional Two-Bedroom Apartment On The Third Floor Currently Occupied By A Family Member Of The Owner. Ideally Located Along The Established College Street Commercial Corridor, Surrounded By Retail Shops, Restaurants, Cafes And Neighbourhood Amenities. Convenient TTC Streetcar Access And Close Proximity To Kensington Market And Trinity Bellwoods Park. Excellent Opportunity To Acquire A Mixed-Use Property In One Of Toronto's Established West-End Neighbourhoods. (id:66096)

Property Details

MLS®: C14029640
Property Type: Retail
Zoning: CR3(c1;r2.5*2437)
Parking: 2
Interior Size: 4,199 ft²
Lot Size: 21 × 128 ft (2,696 sq ft)
Frontage: 21 ft
Heating: Baseboard heaters
Cooling: Partially air conditioned
Property Tax: $25,827.27/yr
Listed: 22 days ago

Market Timing

Days on market

22d

Toronto (Palmerston-Little Italy) listings, avg age

56d

Price / ft²

$593

List price

$2.49M

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 (Palmerston-Little Italy) has been listed for 22 days, which is 34 days fresher than the city average of 56. Act while there is still low competition.

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Area context

Neighbourhood profile (M6G)

This home lists at $2,490,000, about 27.4× the local median household income of $91,000.

Carrying it typically needs a household income of about $486,384 (20% down, 25-yr amortization, stress-tested) — roughly 434% above the area median.

Median household income: $91,000
Population: 30,600
Median age: 39.6
Owner / renter: 49% / 51%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M6G)

$2,490,000· $593/ft²

For sale

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Financing

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673 College Street, Toronto (Palmerston-Little Italy) - Retail for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (M6G)

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