76 Kingston Road, Toronto (Woodbine Corridor), Ontario, M4L1S6
No similar listings for sale right now.
$3,995,000
Toronto
This industrial property in Toronto is for sale.
Highly visible corner property in Toronto's east end, featuring an approx. 1,817 sq. ft. freestanding building with three service bays and exceptional exposure along Kingston Rd and Orchard Park Blvd. Currently leased to an automotive user, the property provides in-place income while offering significant future repositioning and redevelopment potential.The site is zoned CR 2.0 (c0.5; r2.0) SS2 (x1579), permitting a broad range of commercial, residential, mixed-use, service, and automotive-related uses, subject to purchaser verification. The property also benefits from an advanced entitlement-stage boutique residential development concept for a proposed 56-suite mid-rise building totaling approximately 42,236 sq. ft. of gross floor area.Situated within an established east-end Toronto neighbourhood, the offering presents a rare opportunity to acquire a prominent corner site with both near-term cash flow and long-term development upside.Property being sold on an "as-is, where-is" basis. Purchasers are responsible for verifying all measurements, zoning, permitted uses, approvals, lease information, income, and development potential. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 106 days on market, against an average age of 54 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 industrial in Toronto (Woodbine Corridor) 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 $3,995,000, about 39.6× the local median household income of $101,000.
Carrying it typically needs a household income of about $780,363 (20% down, 25-yr amortization, stress-tested) — roughly 673% above the area median.
Source: Statistics Canada, 2021 Census (FSA M4L)
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