Overview

This retail property in Toronto is for sale offering roughly 8,745 sq ft of space.

Retail Space for Sale in Toronto →All real estate in Toronto →

Description

Backing onto Donlands subway, one stop from Ontario Line transit hub, at Pape Station. Already assembled development site with 71.75 feet frontage on Danforth Ave. Vacant possession or flexible lease back for substantial term, length to be negotiated. As part of a Protected Major Transit Area and Inclusionary Zoning, affords this site as a great opportunity for development and return. (id:66096)

Property Details

MLS®: E13528310
Property Type: Retail
Zoning: Cr3 (C2.5; R2.5* 2426)
Parking: 8
Interior Size: 8,745 ft²
Lot Size: 72 × 102 ft (7,319 sq ft)
Frontage: 72 ft
Heating: Other
Cooling: Partially air conditioned
Property Tax: $48,000/yr
Listed: 121 days ago

Market Timing

Days on market

121d

Toronto (Danforth) listings, avg age

43d

Price / ft²

$766

List price

$6.70M

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 (M4J)

This home lists at $6,700,000, about 72.0× the local median household income of $93,000.

Carrying it typically needs a household income of about $1,308,745 (20% down, 25-yr amortization, stress-tested) — roughly 1307% above the area median.

Median household income: $93,000
Population: 35,128
Median age: 42
Owner / renter: 62% / 38%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M4J)

$6,700,000· $766/ft²

For sale

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Financing

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962-974 Danforth Avenue, Toronto (Danforth) - Retail for Sale

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (M4J)

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