$1,999,900
Toronto
721 Danforth Avenue, Toronto (Blake-Jones), Ontario, M4J1L2
This retail property in Toronto is for sale offering roughly 4,567 sq ft of space.
We Are Excited To Present This Exceptional Investment Opportunity, Featuring A Commercial Unit Of Approximately 1,420 Sqft, Complemented By An Underground Space Of About 789 Sqft, Currently Leased To A AAA Tenant, Ensuring A Stable Income Stream. Additionally, There Are Four Newer Residential Apartments, Each Around 700 Sqft, Boasting One Bedroom Plus A Den And 1.5 Baths, With The Separate Dens Providing Added Flexibility And Appeal, Which Enhances Tenant Desirability. All Units Are Separately Metered For Gas And Electricity, Significantly Reducing Administrative Costs. The Property Includes Heating And AC, Along With One Surface Parking Space Dedicated To The Commercial Tenant, Ensuring Convenience And Satisfaction. Its Prime Location Near Pape Subway Station Positions The Property For Long-Term Growth, Particularly With Its Future Hub Status Connecting Major Areas. The Increased Demand In The Region, Coupled With The Proposed Development Project Across The Street, Further Enhances Appreciation Potential. Lastly, Close Proximity To Toronto's Finest Restaurants And Bars Adds To The Property's Appeal, Making It Attractive To Both Current Tenants And Prospective Buyers. This Opportunity Combines Solid Investment Fundamentals With The Promise Of Future Growth, So Dont Miss Your Chance To Capitalize On This Prime Asset In A Thriving Area! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 135 days on market, against an average age of 68 days across the listings currently for sale in this city
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.
This retail in Toronto (Blake-Jones) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,999,900, about 21.5× the local median household income of $93,000.
Carrying it typically needs a household income of about $390,650 (20% down, 25-yr amortization, stress-tested) — roughly 320% above the area median.
Source: Statistics Canada, 2021 Census (FSA M4J)
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