Overview

This retail property in Toronto is for sale offering roughly 1,800 sq ft of space. It has been on the market 9 days, fresher than the Toronto average of 61 days.

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Description

COMMERCIAL BUILDING OPPORTUNITY WITH 2 BEDROOM APARTMENT ABOVE & FULL BASEMENT, GREAT CENTRAL LOCATION; STREET LEVEL STOREFRONT & APT. OFFERS RETAIL SPACE - UPGRADED ELECTRICAL AND FURNACE. SOME WINDOWS AND FRONT DOOR UPDATED. FIRST FLOOR APPROX. 940 SQ FT, 2ND FLOOR APPROX. 940 SQ FT, BSMT APPROX. 940 SQ FT. COMMERCIAL AND RESIDENTIAL HAVE THEIR OWN HEATING/HYDRO UNITS. GREAT OPPORTUNITY FOR OWNER USER. PRESENTLY TENANTED ON A MONTH TO MONTH BASIS; COMMERCIAL MAIN FLR & BSMT RENTED $2,880 PER MONTH AND TENANT PAYS ITS OWN HYDRO & GAS & 80% OF COLD WATER. RESIDENTIAL APT ON SECOND FLOOR RENTED $1,650 PER MONTH AND TENANT PAYS ITS OWN GAS & HYDRO. AMPLE STORAGE IN BASEMENT. CLOSE TO YORKDALE MALL, HWY 401 AND ALLEN RD. 4 PARKING SPACES 2 ARE LOCATED IN THE FRONT AND 2 IN THE REAR. (id:66096)

Property Details

MLS®: W14117452
Property Type: Retail
Zoning: Commercial/Residential
Interior Size: 1,800 ft²
Lot Size: 20 × 123 ft (2,496 sq ft)
Frontage: 20 ft
Heating: Forced air, Natural gas
Cooling: None
Property Tax: $12,500/yr
Listed: 9 days ago

Market Timing

Days on market

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

61d

Price / ft²

$514

List price

$925K

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

This retail in Toronto (Downsview-Roding-CFB) has been listed for 9 days, which is 52 days fresher than the city average of 61. Act while there is still low competition.

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Area context

Neighbourhood profile (M3K)

This home lists at $925,000, about 10.5× the local median household income of $88,000.

Carrying it typically needs a household income of about $180,685 (20% down, 25-yr amortization, stress-tested) — roughly 105% 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)

$925,000· $514/ft²

For sale

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Financing

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

Description

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Market Timing

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Neighbourhood profile (M3K)

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