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$1,095,000
Toronto
819 Pape Avenue, Toronto (Danforth Village-East York), Ontario, M4K3V1
This retail property in Toronto is for sale offering roughly 1,933 sq ft of space.
Situated in the heart of Pape Village, this exceptional mixed-use investment offers outstanding visibility, consistent pedestrian traffic, and TTC service at the doorstep. The approximately 1,130 sq. ft. main floor is currently owner-occupied by a long-established professional accounting practice, providing confidence in the property's established commercial use. The fully renovated second floor features a bright 3-bedroom suite with a separate entrance and is currently vacant, offering immediate opportunities for an owner-user, professional office, or market-rate tenant, subject to buyer due diligence. Professional office use has operated continuously at the property since the 1970s. Whether you're an investor seeking stable income with upside or an end-user looking to occupy part of the building while generating rental revenue, this property offers exceptional flexibility in one of Toronto's most desirable and evolving neighbourhoods. A rare opportunity to acquire a versatile, income-producing asset with immediate occupancy potential and long-term value. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 37 days on market, against an average age of 38 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 (Danforth Village-East York) has been listed for 37 days, which is 1 days fresher than the city average of 38. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,095,000, about 13.0× the local median household income of $84,000.
Carrying it typically needs a household income of about $213,892 (20% down, 25-yr amortization, stress-tested) — roughly 155% above the area median.
Source: Statistics Canada, 2021 Census (FSA M4K)
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