Overview

This retail property in Toronto is for sale offering roughly 2,000 sq ft of space.

Retail Space for Sale in Toronto →All real estate in Toronto →

Description

Exceptional opportunity to own a newly renovated mixed-use property in a high-demand corridor. Located in a vibrant, high-traffic area with excellent visibility and accessibility, this property benefits from steady foot traffic and strong neighborhood growth. The property offers the perfect blend of commercial and residential space, the main floor commercial unit has been recently renovated and leased. The 2nd Floor has 2 units with separate bedroom/kitchen/bathroom; The stable, reliable tenants, providing consistent income and strong investment fundamentals. Cross street School, very stable customers' source, close to High Way and transportation. Basement with 2 washrooms and walk-in freezer. 2 water tanks separate for each floor. (id:66096)

Property Details

MLS®: E12890690
Property Type: Retail
Zoning: CR 2.5
Bathrooms: 5
Interior Size: 2,000 ft²
Lot Size: 15 × 100 ft (1,500 sq ft)
Frontage: 15 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $9,176.49/yr
Listed: 232 days ago

Market Timing

Days on market

232d

Toronto (North Riverdale) listings, avg age

60d

Price / ft²

$600

List price

$1.20M

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 (North Riverdale) is available now. Want me to connect you with the agent or keep you posted on any price updates?

Set a price alert Book a showing

Area context

Neighbourhood profile (M4M)

This home lists at $1,200,000, about 12.1× the local median household income of $99,000.

Carrying it typically needs a household income of about $234,402 (20% down, 25-yr amortization, stress-tested) — roughly 137% 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)

$1,200,000· $600/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Financing

Need a commercial mortgage?

Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.

Inquire about financing →

688 Gerrard Street, Toronto (North Riverdale) - Retail for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M4M)

Book a showing

Need a commercial mortgage?