$2,750,000

For saleJust listed

969 Queen Street East, Toronto (South Riverdale) - Retail for Sale

969 Queen Street East, Toronto (South Riverdale), Ontario, M4M1K2

3,300 ft²Listed 6 days ago

Overview

This retail property in Toronto is for sale offering roughly 3,300 sq ft of space. It has been on the market 6 days, fresher than the Toronto average of 46 days.

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Description

Mixed-use building with 45' of frontage on Queen Street East, one block from Queen and Carlaw. Ground floor retail is currently an owner-operated neighbourhood restaurant, on one of Leslieville's busiest stretches of foot traffic. The owner will either sign a new lease or deliver vacant possession, suiting both investors and owner-users. Second floor offers two 2-bedroom apartments, each with its own private outdoor space. Every unit has its own HVAC system and separate hydro meter, keeping the building's operating costs low. Steps to the 501 streetcar and a short walk to the future Ontario Line station at Queen and De Grassi. A rare east-end mixed-use opportunity in one of Toronto's most in-demand neighbourhoods. (id:66096)

Property Details

MLS®: E14128124
Property Type: Retail
Zoning: CR2.5(c1;r2*2224)
Interior Size: 3,300 ft²
Frontage: 25 ft
Building Area: 3,300 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $14,479.98/yr
Listed: 6 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (South Riverdale) listings, avg age

46d

Price / ft²

$833

List price

$2.75M

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 (South Riverdale) has been listed for 6 days, which is 40 days fresher than the city average of 46. Act while there is still low competition.

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Listed by Move Smartly Realty Inc. · JOHN PASALIS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4M)

This home lists at $2,750,000, about 27.8× the local median household income of $99,000.

Carrying it typically needs a household income of about $537,171 (20% down, 25-yr amortization, stress-tested) — roughly 443% above the area median.

Median household income: $99,000
Population: 25,052
Median age: 38.8
Owner / renter: 56% / 44%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M4M)

$2,750,000· $833/ft²

For sale

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Financing

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