Overview

This office property in Toronto is for sale offering roughly 816 sq ft of space. It has been on the market 50 days, fresher than the Toronto average of 60 days.

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Description

REGAL PLAZA Ideally located minutes from Toronto Pearson Airport, the Toronto Congress Centre, Highways 401, 409 and 427, shopping, dining, public transit and major employment hubs. This brand-new 816 sq. ft. gross commercial office unit is situated in Toronto's growing Airport East business corridor is offered in shell condition. May be combined with adjacent Unit 418 (721 sq. ft.) for a total of 1,537 sq. ft. Bright, flexible space ideal for professional users or investors, with potential for a kitchenette and rough-in for a three-piece washroom. Located within a premier mixed-use development featuring office and retail uses and Staybridge Suites by Holiday Inn. Includes one underground parking space at no additional cost, ample visitor parking, separate metering and low maintenance fees. Certain listing photos have been virtually staged to illustrate the potential use of the space. Virtual furnishings and décor are not included with the property. (id:66096)

Property Details

MLS®: W13789742
Property Type: Office
Business Type: Other
Zoning: E01.5
Interior Size: 816 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Garage: Underground
Listed: 50 days ago

Market Timing

Days on market

50d

Toronto (West Humber-Clairville) listings, avg age

60d

Price / ft²

$650

List price

$530K

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 (West Humber-Clairville) has been listed for 50 days, which is 10 days fresher than the city average of 60. Act while there is still low competition.

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Area context

Neighbourhood profile (M9W)

This home lists at $530,000, about 6.2× the local median household income of $85,000.

Carrying it typically needs a household income of about $103,528 (20% down, 25-yr amortization, stress-tested) — roughly 22% above the area median.

Median household income: $85,000
Population: 40,977
Median age: 38.8
Owner / renter: 58% / 42%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA M9W)

$530,000· $650/ft²

For sale

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Financing

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Description

Property Details

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (M9W)

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