Overview

This retail property in Toronto is for sale offering roughly 1,026 sq ft of space. It has been on the market 44 days, fresher than the Toronto average of 109 days.

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Description

Exceptional opportunity to own a fully improved retail unit in the brand-new Gourmet City commercial plaza. One of the very few completed units within the development, this turnkey space is professionally finished and ready for immediate occupancy, saving buyers significant time and build-out costs. Located at the highly visible intersection of Kennedy Rd & McNicoll Ave, the property benefits from strong vehicular and pedestrian traffic, a dense surrounding residential population, and close proximity to schools, restaurants, shopping amenities, and major transit routes. Excellent exposure, ample visitor traffic, and outstanding growth potential make this an ideal opportunity for both owner-users and investors seeking a presence in one of Scarborough's most vibrant commercial nodes. (id:66096)

Market Timing

Days on market

44d

Toronto (Milliken) listings, avg age

109d

Price / ft²

$1,022

List price

$1.05M

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 (Milliken) has been listed for 44 days, which is 65 days fresher than the city average of 109. Act while there is still low competition.

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Area context

Neighbourhood profile (M1V)

This home lists at $1,049,000, about 12.8× the local median household income of $82,000.

Carrying it typically needs a household income of about $204,906 (20% down, 25-yr amortization, stress-tested) — roughly 150% 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)

$1,049,000· $1,022/ft²

For sale

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Financing

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#B6 3101 Kennedy Road, Toronto (Milliken) - Retail for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (M1V)

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