$4,800,000
Toronto
St. Clair Avenue West, Toronto (Weston-Pellam Park), Ontario, M6N1J4
This retail property in Toronto is for sale offering roughly 7,351 sq ft of space. It has been on the market 16 days, fresher than the Toronto average of 56 days.
Prime West End Toronto Commercial Investment & Development Opportunity. An exceptional opportunity awaits investors and developers in one of Toronto's most dynamic and rapidly evolving west end neighbourhoods. This versatile mixed-use commercial property comprises two single-storey buildings totalling 6,815 sq ft, along with a vacant parking lot offering 12 dedicated surface spaces - all situated on a strategically positioned site poised for transformative growth. The first building features a thriving 1,476 sq ft restaurant space complete with a 536 sq ft basement, ideal for continued food and beverage operations or repositioning. The second building, a substantial 5,336 sq ft, offers flexible commercial utility suited to a wide range of business uses.What truly sets this offering apart is its remarkable development potential. Nestled adjacent to three newly constructed condominium towers, the property sits at the heart of an established and accelerating intensification corridor. A proposed development application for a 12-storey residential condominium building consisting of 91 units further underscores the site's exceptional density potential and the municipality's confidence in the area's continued upward trajectory. Whether you're an investor seeking stable income with significant upside, or a developer looking to capitalize on a market-ready site with a clear path forward, this property represents a rare chance to secure a foothold in one of Toronto's most sought-after and supply-constrained urban corridors. Don't miss your opportunity to be part of the next chapter of Toronto's west end renaissance. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 16 days on market, against an average age of 56 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 (Weston-Pellam Park) has been listed for 16 days, which is 40 days fresher than the city average of 56. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $4,800,000, about 63.6× the local median household income of $75,500.
Carrying it typically needs a household income of about $937,608 (20% down, 25-yr amortization, stress-tested) — roughly 1142% above the area median.
Source: Statistics Canada, 2021 Census (FSA M6N)
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