Description

Prime ground-floor commercial/office condo opportunity. Own a loft style unit in the heart of Toronto, between the Fashion and Entertainment Districts. Previously operated as a high-end Barber Shop. 1,627 SF open-concept space featuring exposed ceilings at 17'8" clear height. Floor-to-ceiling windows, with lots of natural light. Perfect for Retail, Office, Medical, Service and Studio users. Steps from Queen West, King West, TTC access, restaurants, and hotels. (id:66096)

Property Details

MLS®: C14149588
Property Type: Office
Zoning: CRE (X76)
Interior Size: 1,627 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $13,997.18/yr
Listed: Today

Market Timing

Days on market

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$796

List price

$1.29M

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 office in Toronto (Waterfront Communities) has been listed for 0 days, which is 57 days fresher than the city average of 57. Act while there is still low competition.

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Area context

Neighbourhood profile (M5V)

This home lists at $1,295,000, about 14.2× the local median household income of $91,000.

Carrying it typically needs a household income of about $252,959 (20% down, 25-yr amortization, stress-tested) — roughly 178% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$1,295,000· $796/ft²

For sale

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Financing

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#103 477 Richmond Street West, Toronto (Waterfront Communities) - Office for Sale

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (M5V)

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