997 Eglinton Avenue West, Toronto (Humewood-Cedarvale), Ontario, M6C2C7
This retail property in Toronto is for sale offering roughly 2,153 sq ft of space.
Fantastic Investment, Redevelopment & User Opportunity! Rarely offered corner commercialbuilding ideally situated in the dynamic Eglinton West corridor, directly adjacent to amunicipal parking lot and along the transit line. This property offers an exceptionalcombination of existing income, future rental upside, signage opportunities and long-termredevelopment potential. The main floor is currently leased, providing immediate income, while the newly renovatedsecond floor is vacant and ready for occupancy or leasing. The property also offers multipleprominent roof and side-wall signage opportunities, creating additional income potential. Potential for an additional apartment, subject to zoning, permits and municipal approvals,provides another avenue for future value creation. The property also features 2 dedicatedparking spaces at the rear. A rare opportunity to acquire a corner income-producing asset with multiple revenue streams, arenovated second level, signage potential, parking and significant future redevelopment upsidein one of Toronto's most active and rapidly evolving corridors. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 72 days on market, against an average age of 39 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 (Humewood-Cedarvale) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,998,000, about 22.0× the local median household income of $91,000.
Carrying it typically needs a household income of about $390,279 (20% down, 25-yr amortization, stress-tested) — roughly 329% above the area median.
Source: Statistics Canada, 2021 Census (FSA M6C)
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