Description

Assignment Sale. Welcome to Brand New Commercial Retail Plaza Gourmet City, is situated in Scarborough, at a strategic and convenient location at the SE quadrant of Kennedy Rd and McNicoll Ave, offering great exposure on Kennedy Rd, with direct access from Kennedy Rd and Milliken Blvd. This unit can for restaurant use. The development by H & H Group features a modern design with high quality finishes. ***Tax not yet assessed*** Restaurant use. has tenant with 5 year lease. must assume the lease (id:66096)

Market Timing

Days on market

121d

Toronto (Milliken) listings, avg age

110d

Price / ft²

$1,075

List price

$790K

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 (M1V)

This home lists at $790,000, about 9.6× the local median household income of $82,000.

Carrying it typically needs a household income of about $154,315 (20% down, 25-yr amortization, stress-tested) — roughly 88% above the area median.

Median household income: $82,000
Population: 50,825
Median age: 45.6
Owner / renter: 81% / 19%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA M1V)

$790,000· $1,075/ft²

For sale

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Financing

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#A3 3101 Kennedy Road, Toronto (Milliken) - Retail for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M1V)

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