Description

Attention All Investors, Great Opportunity To Buy Income Producing Property. Fully Leased, Commercial Space Is Leased Till December 31st, 2031, Leased by thriving Restaurant Business. Second-floor newer renovation. Must purchase with 852-854 Wilson Avenue. Do not disturb tenants (id:66096)

Property Details

MLS®: W13613042
Property Type: Retail
Zoning: Commercial/residential
Interior Size: 2,441 ft²
Frontage: 21 ft
Building Area: 2,441 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $8,365/yr
Listed: 99 days ago

Market Timing

Days on market

99d

Toronto (Downsview-Roding-CFB) listings, avg age

61d

Price / ft²

$490

List price

$1.20M

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 (M3K)

This home lists at $1,195,000, about 13.6× the local median household income of $88,000.

Carrying it typically needs a household income of about $233,425 (20% down, 25-yr amortization, stress-tested) — roughly 165% above the area median.

Median household income: $88,000
Population: 7,865
Median age: 38.8
Owner / renter: 59% / 41%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M3K)

$1,195,000· $490/ft²

For sale

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Financing

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848-850 Wilson Avenue, Toronto (Downsview-Roding-CFB) - Retail for Sale

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (M3K)

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