Overview

This industrial property in Toronto is for sale offering roughly 6,200 sq ft of space. It has been on the market 51 days, fresher than the Toronto average of 66 days.

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Description

Newly renovated industrial space in a highly accessible location! Offering approximately 6,200 sq. ft. within a multi-unit building, featuring 14.5-ft clear height, 400-amp/600V power and truck-level shipping. Upgrades include durable epoxy flooring, a dedicated vehicle delivery and photography area, and a newly custom-built vehicle entry ramp. Accommodates approximately 30 vehicles indoors, plus 20 outdoor parking spaces. TTC service at the doorstep, close to the GO Station and Highways 400, 401 and 407. Electricity is shared equally with the neighbouring tenant. Ideal for automotive-related businesses, woodworking, stone fabrication, food operations, places of worship and a variety of other permitted uses. (id:66096)

Property Details

MLS®: W13778304
Property Type: Industrial
Business Type: Industrial
Zoning: Automotive
Parking: 50
Interior Size: 6,200 ft²
Building Area: 6,200 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $4/yr
Listed: 51 days ago

Market Timing

Days on market

51d

Toronto (York University Heights) listings, avg age

66d

Price / ft²

$32

List price

$199K

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 industrial in Toronto (York University Heights) has been listed for 51 days, which is 15 days fresher than the city average of 66. Act while there is still low competition.

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Area context

Neighbourhood profile (M3J)

This home lists at $199,000, about 2.6× the local median household income of $75,500.

Carrying it typically needs a household income of about $38,872 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $75,500
Population: 26,600
Median age: 36
Owner / renter: 48% / 52%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M3J)

$199,000· $32/ft²

For sale

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Financing

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675B Petrolia Road, Toronto (York University Heights) - Industrial for Sale

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (M3J)

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