Description

Rare Investment Opportunity In Riverside, Just East Of Queen St E & Broadview Ave. Two Adjoining 3-Storey Mixed-Use Buildings Offering 31.33 Ft Of Combined Frontage. One Ground-Floor Retail Tenancy Plus Four Residential Apartments Above; Three Units Are Family-Occupied And Can Be Vacant On Closing. Excellent Main-Street Exposure In One Of Toronto's Most Established And Evolving East-End Neighbourhoods, Surrounded By Restaurants, Cafes, Independent Shops, Services And Significant Mixed-Use Development. Riverside Is A Highly Walkable Urban Neighbourhood Just East Of Downtown, With Convenient TTC Streetcar Service And Access To The DVP. The Future Ontario Line Leslieville Station Is Planned At Queen St E & De Grassi St, With Construction Underway, Further Enhancing Rapid-Transit Connectivity Along The Queen East Corridor. An Outstanding Opportunity To Acquire Substantial Frontage And Mixed Commercial-Residential Space In A Sought-After Toronto Main-Street Location. (id:66096)

Property Details

MLS®: E13757308
Property Type: Retail
Zoning: CR2.5(c2;r2*2294)
Interior Size: 6,710 ft²
Lot Size: 31 × 95 ft (2,976 sq ft)
Frontage: 31 ft
Heating: Forced air, Natural gas
Cooling: Partially air conditioned
Property Tax: $29,703.06/yr
Listed: 57 days ago

Market Timing

Days on market

57d

Toronto (South Riverdale) listings, avg age

46d

Price / ft²

$505

List price

$3.39M

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

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Area context

Neighbourhood profile (M4M)

This home lists at $3,390,000, about 34.2× the local median household income of $99,000.

Carrying it typically needs a household income of about $662,186 (20% down, 25-yr amortization, stress-tested) — roughly 569% 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)

$3,390,000· $505/ft²

For sale

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Financing

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720-720A Queen Street East, Toronto (South Riverdale) - Retail for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M4M)

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