Overview

This retail property in Toronto is for sale offering roughly 870 sq ft of space. It has been on the market 43 days, fresher than the Toronto average of 53 days.

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Description

Excellent opportunity to own a versatile commercial condo in the well-established Tapscott Business Mall. This functional two-level unit offers great potential for a variety of users, including retail, office, light industrial, specialty commercial, or owner-user/investor use. Conveniently located in a busy Scarborough commercial hub with access to major roads, transit, and surrounding businesses. The layout provides flexibility for different business operations, with potential to customize the space to suit your needs. Power of Sale under Aarti Mortgage Inc. Property is being sold strictly "as is, where is" with no representations or warranties. Buyer and Buyer's Agent are advised to conduct their own due diligence regarding property condition, zoning, permitted use, measurements, taxes, condo/maintenance fees, and all other relevant matters. (id:66096)

Property Details

MLS®: E13816484
Property Type: Retail
Business Type: Service
Zoning: Commercial Mixed Use
Interior Size: 870 ft²
Heating: Forced air, Natural gas
Cooling: Partially air conditioned
Property Tax: $1,818/yr
Listed: 43 days ago

Market Timing

Days on market

43d

Toronto (Rouge) listings, avg age

53d

Price / ft²

$414

List price

$360K

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 retail in Toronto (Rouge) has been listed for 43 days, which is 10 days fresher than the city average of 53. Act while there is still low competition.

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Area context

Neighbourhood profile (M1X)

This home lists at $360,000, about 3.0× the local median household income of $122,000.

Carrying it typically needs a household income of about $70,321 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $122,000
Population: 14,810
Median age: 38.4
Owner / renter: 88% / 12%
Avg. household size: 4

Source: Statistics Canada, 2021 Census (FSA M1X)

$360,000· $414/ft²

For sale

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Financing

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Description

Property Details

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Market Timing

Location

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Neighbourhood profile (M1X)

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