$3,950,000
Toronto
96 Harbord Street, Toronto (University), Ontario, M5S1G6
This retail property in Toronto is for sale offering roughly 5,000 sq ft of space. It has been on the market 57 days, fresher than the Toronto average of 79 days.
Old world charm meets a modern addition in this exceptional, fully tenanted investment property, just steps from the University of Toronto, in a location that simply cannot be better. Lovingly owned and meticulously maintained by the same owners for nearly two decades, with no corners cut, the property is now ready to pass the torch to a new generation of ownership. The property comprises a beautiful detached Victorian building fronting on Harbord Street, together with a modern, newly constructed two-unit residential building at the rear with convenient laneway access. The front building features an established fine-dining restaurant on the main floor that has been ranked among Canada's top 20 restaurants, a boutique music school in the lower level, a two-bedroom apartment on the second floor, and two one-bedroom loft-style apartments on the third floor. The rear addition offers a one-bedroom apartment and a spacious three-bedroom loft apartment with two large balconies. Fully occupied by stable, long-term AAA+ tenants and generating a strong income stream with an impressive cap rate. 2 Parking. Ideally located close to TTC, shops, cafés, fine dining and professional offices. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 57 days on market, against an average age of 79 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 (University) has been listed for 57 days, which is 22 days fresher than the city average of 79. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $3,950,000, about 56.4× the local median household income of $70,000.
Carrying it typically needs a household income of about $771,573 (20% down, 25-yr amortization, stress-tested) — roughly 1002% above the area median.
Source: Statistics Canada, 2021 Census (FSA M5S)
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