Description

Exceptional, high-yield income property in South Riverdale-one of Toronto's most vibrant, rapidly evolving, and culturally diverse communities. This prime 1,292 sq. ft. corner commercial condominium unit commands an enviable street presence, generating massive foot and vehicular traffic. Perfectly positioned amid a high-density mix of residential, corporate office, and retail spaces, the location ensures a non-stop stream of daily passersby. Fully leased to an established, highly successful operator with over 13 years of strong history and community goodwill at this exact location. A true hands-off, secure addition to any investment portfolio. (id:66096)

Property Details

MLS®: E13509048
Property Type: Retail
Zoning: C3V2
Bathrooms: 2
Interior Size: 1,292 ft²
Building Area: 1,292 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $12,080.82/yr
Listed: 126 days ago

Market Timing

Days on market

126d

Toronto (South Riverdale) listings, avg age

47d

Price / ft²

$948

List price

$1.23M

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 (M4M)

This home lists at $1,225,000, about 12.4× the local median household income of $99,000.

Carrying it typically needs a household income of about $239,285 (20% down, 25-yr amortization, stress-tested) — roughly 142% 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)

$1,225,000· $948/ft²

For sale

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Financing

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#103 321 Carlaw Avenue, Toronto (South Riverdale) - Retail for Sale

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Neighbourhood profile (M4M)

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