Overview

This retail property in Toronto is for sale offering roughly 1,819 sq ft of space.

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Description

In sight of Laird Station on the new LRT, purchase this single tenant building and watch it thrive with the new subway opening. New roof and HVAC (2023) mean turn-key investment returns. Be the proud landlord of this established, fully equipped, licensed restaurant with a walk-in fridge, 10-foot ventilation hood and full-height, full-size basement. Two car parking and easy delivery access from alley make this a delivery hot-spot. Be brave and pursue a redevelopment opportunity with your eager neighbours. NNN rental income is good - and it's getting better in 2027. The seller will guarantee the rent at the higher rate until it renews in February. How much does public transit raise commercial rents? Own this property and find out. (id:66096)

Property Details

MLS®: C13609072
Property Type: Retail
Zoning: CR2.2(c2.2;r1.5*296)
Parking: 2
Interior Size: 1,819 ft²
Lot Size: 17 × 110 ft (1,815 sq ft)
Frontage: 17 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $18,900/yr
Listed: 100 days ago

Market Timing

Days on market

100d

Toronto (Leaside) listings, avg age

76d

Price / ft²

$594

List price

$1.08M

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 (M4G)

This home lists at $1,080,000, about 8.3× the local median household income of $130,000.

Carrying it typically needs a household income of about $210,962 (20% down, 25-yr amortization, stress-tested) — roughly 62% above the area median.

Median household income: $130,000
Population: 19,598
Median age: 44.4
Owner / renter: 68% / 32%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M4G)

$1,080,000· $594/ft²

For sale

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Financing

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804 Eglinton Avenue East, Toronto (Leaside) - Retail for Sale

Description

Property Details

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Market Timing

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Neighbourhood profile (M4G)

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