Overview

This retail property in Toronto is for sale offering roughly 1,161 sq ft of space. It has been on the market 47 days, fresher than the Toronto average of 51 days.

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

Description

Turnkey Commercial Investment Opportunity in the Heart of Etobicoke! An exceptional opportunity to acquire a tenanted commercial unit in a boutique condominium building, ideally positioned with excellent exposure along The Queensway. Currently occupied by an established Nail & Beauty Spa with a long-term tenant and over 4 years remaining on the existing lease, plus a 5-year renewal option. Offering an attractive approximately 5% cap rate with built-in annual rent escalations of 4%, providing growing income year after year. The tenant pays TMI, including condo fees and property taxes, making this an excellent hands-off investment opportunity. One parking space included. Located along the rapidly evolving Queensway corridor, surrounded by residential developments, established neighbourhoods, businesses, transit and major amenities. An excellent opportunity for investors seeking immediate rental income, long-term stability and future growth potential in Toronto. Don't miss this rare investment opportunity! (id:66096)

Property Details

MLS®: W13804388
Property Type: Retail
Zoning: Commercial (Multi Use)
Parking: 1
Interior Size: 1,161 ft²
Building Area: 1,161 ft²
Heating: Forced air
Cooling: Fully air conditioned
Garage: Underground
Listed: 47 days ago

Market Timing

Days on market

47d

Toronto (Stonegate-Queensway) listings, avg age

51d

Price / ft²

$947

List price

$1.10M

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 (Stonegate-Queensway) has been listed for 47 days, which is 4 days fresher than the city average of 51. Act while there is still low competition.

Set a price alert Book a showing

Area context

Neighbourhood profile (M8Y)

This home lists at $1,099,900, about 12.1× the local median household income of $91,000.

Carrying it typically needs a household income of about $214,849 (20% down, 25-yr amortization, stress-tested) — roughly 136% above the area median.

Median household income: $91,000
Population: 21,986
Median age: 40.8
Owner / renter: 56% / 44%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M8Y)

$1,099,900· $947/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 →

691 The Queensway, Toronto (Stonegate-Queensway) - Retail for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M8Y)

Book a showing

Need a commercial mortgage?