$4,999,000

For sale

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Adelaide Street East, Toronto (Moss Park) - Retail for Sale

Adelaide Street East, Toronto (Moss Park), Ontario, M5A4L6

4,300 ft²Listed 113 days ago

Overview

This retail property in Toronto is for sale offering roughly 4,300 sq ft of space.

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

Description

Commercial Condo Investment For Sale! . Rare opportunity to acquire a premium investment property in the heart of Toronto's vibrant King East neighbourhood at a 5% cap rate. This fully leased, approximately 4,300 sq. ft. commercial condominium is occupied by the highly successful Huwa Beirut restaurant, offering an exceptional turnkey investment for landlords seeking stable, long-term income. The restaurant features seating for approximately 120 guests and has established itself as a popular dining destination. A strong, long-term lease is in place with an experienced and successful tenant, providing reliable cash flow and minimal management. Located on Adelaide Street East in a high-demand mixed-use corridor surrounded by residential, office, and hospitality developments, this is an outstanding opportunity to add a quality, income-producing asset to any investment portfolio. Restaurant brand is not included. Please do not go direct or speak to staff. (id:66096)

Property Details

MLS®: C13560046
Property Type: Retail
Zoning: Commercial
Interior Size: 4,300 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Garage: Other
Property Tax: $37,342/yr
Listed: 113 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

113d

Toronto (Moss Park) listings, avg age

61d

Price / ft²

$1,163

List price

$5.00M

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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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. · JASON KLEYN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $4,999,000, about 70.4× the local median household income of $71,000.

Carrying it typically needs a household income of about $976,480 (20% down, 25-yr amortization, stress-tested) — roughly 1275% above the area median.

Median household income: $71,000
Population: 48,978
Median age: 36.4
Owner / renter: 35% / 65%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5A)

$4,999,000· $1,163/ft²

For sale

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Financing

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