Description

Location, Location, Location! Situated in one of Etobicoke's busiest and most sought-after areas, this well-established restaurant is surrounded by a variety of shops and businesses, providing excellent exposure and a steady flow of walk-in customers. The unit is beautifully decorated and offers a welcoming atmosphere. A fantastic investment opportunity for entrepreneurs looking to own and operate a restaurant in a high-traffic location. The unit is tenanted landlord is currently getting the rent of approximately $6500 including TMI. (id:66096)

Property Details

MLS®: W13737740
Property Type: Retail
Zoning: Commercial
Interior Size: 2,000 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $7,872.02/yr
Listed: 63 days ago

Market Timing

Days on market

63d

Toronto (West Humber-Clairville) listings, avg age

60d

Price / ft²

$650

List price

$1.30M

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 (M9V)

This home lists at $1,299,000, about 15.8× the local median household income of $82,000.

Carrying it typically needs a household income of about $253,740 (20% down, 25-yr amortization, stress-tested) — roughly 209% above the area median.

Median household income: $82,000
Population: 53,878
Median age: 37.2
Owner / renter: 54% / 46%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA M9V)

$1,299,000· $650/ft²

For sale

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Financing

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#43 1770 Albion Road, Toronto (West Humber-Clairville) - Retail for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (M9V)

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