Overview

This retail property in Toronto is for sale offering roughly 654 sq ft of space. It has been on the market 0 days, fresher than the Toronto average of 40 days.

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Description

COMMERCIAL RETAIL INVESTMENT PROPERTY FOR SALE in Scarborough, ON. Located at 41 Lebovic Ave, Unit A119, near the busy intersection of Lebovic Ave & Eglinton Ave E, in a high-traffic commercial area with excellent visibility and exposure. Surrounded by established residential neighbourhoods, retail plazas, restaurants, offices, major shopping centres, public transit, and other amenities. Excellent investment opportunity with an existing long-term franchise tenant, providing rental income and an established tenancy. Property is suitable for a variety of retail and commercial uses, subject to zoning and applicable approvals. Unit A119 must be purchased together with Unit A120; both units are being sold together and cannot be purchased separately. Great opportunity for investors looking to acquire an income-generating commercial property in a prime Scarborough location. (id:66096)

Property Details

MLS®: E14150358
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: M
Interior Size: 654 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $6,291.98/yr
Listed: Today

Market Timing

Days on market

Toronto (Clairlea-Birchmount) listings, avg age

40d

Price / ft²

$593

List price

$388K

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 (Clairlea-Birchmount) has been listed for 0 days, which is 40 days fresher than the city average of 40. Act while there is still low competition.

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Area context

Neighbourhood profile (M1L)

This home lists at $387,500, about 5.0× the local median household income of $78,000.

Carrying it typically needs a household income of about $75,692 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $78,000
Population: 35,833
Median age: 38.8
Owner / renter: 51% / 49%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M1L)

$387,500· $593/ft²

For sale

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Financing

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#A119 41 Lebovic Avenue, Toronto (Clairlea-Birchmount) - Retail for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (M1L)

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