This retail property in Toronto is for sale offering roughly 1,247 sq ft of space. It has been on the market 35 days, fresher than the Toronto average of 79 days.

Description

Great investment property available for sale located off College Street. The building boasts a 32ft frontage along with lots of character. The electrical has been upgraded to 3 phase and there is a 25mm copper water service. Additionally, the second-floor apartment has been completely renovated and there have been numerous improvements made throughout the building. Buyer to assume Tenants. (id:66096)

Property Details

MLS®: C13846892
Property Type: Retail
Zoning: Residential/Commercial
Interior Size: 1,247 ft²
Lot Size: 32 × 20 ft (631 sq ft)
Frontage: 32 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $16,142.84/yr
Listed: 35 days ago

Market Timing

Days on market

35d

Toronto (University) listings, avg age

79d

Price / ft²

$1,435

List price

$1.79M

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 (University) has been listed for 35 days, which is 44 days fresher than the city average of 79. Act while there is still low competition.

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Area context

Neighbourhood profile (M5S)

This home lists at $1,790,000, about 25.6× the local median household income of $70,000.

Carrying it typically needs a household income of about $349,650 (20% down, 25-yr amortization, stress-tested) — roughly 399% above the area median.

Median household income: $70,000
Population: 17,074
Median age: 33.2
Owner / renter: 36% / 64%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5S)

$1,790,000· $1,435/ft²

For sale

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Financing

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72-74 Lippincott Street, Toronto (University) - Retail for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M5S)

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