Description

Exceptional opportunity to secure prime retail space at 4750 Yonge Street in one of North York's most affluent and dynamic areas. These units benefit from excellent exposure, consistent foot traffic, and a strong surrounding customer base with high purchasing power. With vacant possession available by the end of April, this is a rare chance to immediately establish or expand a business in a highly productive and sought-after location. Ideal for food concepts, bubble tea, café, or retail businesses looking to maximize visibility and long-term growth. (id:66096)

Property Details

MLS®: C12508322
Property Type: Retail
Zoning: Commercial
Interior Size: 950 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $16,776.72/yr
Listed: 365 days ago

Market Timing

Days on market

365d

Toronto (Lansing-Westgate) listings, avg age

87d

Price / ft²

$1,262

List price

$1.20M

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 (M2K)

This home lists at $1,199,000, about 14.4× the local median household income of $83,000.

Carrying it typically needs a household income of about $234,207 (20% down, 25-yr amortization, stress-tested) — roughly 182% above the area median.

Median household income: $83,000
Population: 25,377
Median age: 40.4
Owner / renter: 56% / 44%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA M2K)

$1,199,000· $1,262/ft²

For sale

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Financing

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Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.

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#127-129 4750 Yonge Street, Toronto (Lansing-Westgate) - Retail for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M2K)

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