Overview

This retail property in Toronto is for sale offering roughly 1,424 sq ft of space. It has been on the market 22 days, fresher than the Toronto average of 46 days.

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Description

PRICED TO SELL!! Premium-Commercial Corner!!- Two Storey Building. Approx. 1500 Sq.ft Total Lot Size 66 x 16 Ft.- Located in a Rapidly Growing Area Surrounded by Trendy Restaurants, Leslieville, Riverdale, East-China Town Neighbourhoods, and The Future Ontario Line. This Mixed-Use Property Offers a Ground-Level Commercial Unit and a Residential Apartment on The Second Floor. Lower Level with Basement with 2-pce Washroom. Property Offers Terrific Potential. Suitable for End Users, Investors, or Builders to Realize Their Creative Vision and Investment Goals. Property is Sold 'as is" Condition City Permit Access for Marketing Retail Space Outside Corner Spaces for Retail Use. Space at Back of Building can be converted to Parking Spots. Great Investment Opportunity!! Easy Access to Schools Library, Shopping, Hwys, Shopping etc. (id:66096)

Property Details

MLS®: E13902202
Property Type: Retail
Zoning: CR2.5(c2;r2*2223)
Bathrooms: 2
Parking: 1
Interior Size: 1,424 ft²
Lot Size: 17 × 66 ft (1,089 sq ft)
Frontage: 17 ft
Heating: Baseboard heaters
Cooling: None
Garage: Other
Property Tax: $7,816.02/yr
Listed: 22 days ago

Market Timing

Days on market

22d

Toronto (South Riverdale) listings, avg age

46d

Price / ft²

$751

List price

$1.07M

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 (South Riverdale) has been listed for 22 days, which is 24 days fresher than the city average of 46. Act while there is still low competition.

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Area context

Neighbourhood profile (M4M)

This home lists at $1,068,888, about 10.8× the local median household income of $99,000.

Carrying it typically needs a household income of about $208,791 (20% down, 25-yr amortization, stress-tested) — roughly 111% 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)

$1,068,888· $751/ft²

For sale

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Financing

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

Description

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Market Timing

Location

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Neighbourhood profile (M4M)

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