Description

PRICED TO SELL. Main Floor used as a Restaurant, 1,000 square feet and TWO 2 Bedroom Apartments upstairs, each at 1,000 square feet with separate entrances. Main Floor Restaurant on a 5 Year Lease. 4 Parking at the Back. CAP Rate, 5%, Gross monthly rent, $5,800. Newer Roof still under warranty, updated Electrical, recent renovated residential unit. Main Floor Restaurant now operating as Backyard Catering. (id:66096)

Property Details

MLS®: E13113026
Property Type: Retail
Zoning: Store/Apartment/Office
Parking: 4
Interior Size: 3,000 ft²
Frontage: 20 ft
Heating: Baseboard heaters
Cooling: Partially air conditioned, Fully air conditioned
Property Tax: $8,394.87/yr
Listed: 177 days ago

Market Timing

Days on market

177d

Toronto (O'Connor-Parkview) listings, avg age

48d

Price / ft²

$363

List price

$1.09M

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 (M4B)

This home lists at $1,089,000, about 14.0× the local median household income of $78,000.

Carrying it typically needs a household income of about $212,720 (20% down, 25-yr amortization, stress-tested) — roughly 173% above the area median.

Median household income: $78,000
Population: 18,612
Median age: 43.2
Owner / renter: 48% / 52%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M4B)

$1,089,000· $363/ft²

For sale

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Financing

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#C 2889 St Clair Avenue East, Toronto (O'Connor-Parkview) - Retail for Sale

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (M4B)

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