$1,498,900

For sale

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#G05 40 Fort York Boulevard, Toronto (Waterfront Communities) - Retail for Sale

#G05 40 Fort York Boulevard, Toronto (Waterfront Communities), Ontario, M5V3Z3

3 baths1 parking1,733 ft²Listed 147 days ago

Overview

This retail property in Toronto is for sale offering roughly 1,733 sq ft of space.

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Description

Rare live/work commercial condominium in the heart of CityPlace offering approximately 1,733 sqft over two levels with direct street exposure on Fort York Boulevard. Permitted work use with existing hair salon operation, ideal for owner-users, investors, beauty or service based businesses. This unique space features soaring 10.5 ft ceilings on the main level, 9 ft ceilings on the second floor, abundant natural light with southern exposure through the floor to ceiling windows, contemporary finishes, three washrooms and a private patio. Currently home to Evolve Hair Studio, an established and highly regarded business operating since 2012, the property benefits from strong brand recognition, a loyal clientele and an exceptional online reputation with over 600 4.7 star Google reviews. Street level visibility, constant pedestrian traffic and a dense surrounding residential population create outstanding exposure and long-term growth potential. The offering includes one underground parking space and provides flexibility for to take over a turnkey operation or expand locations. This is an opportunity to acquire both premium real estate and a successful operating business in one of downtown Toronto's most dynamic neighbourhoods. (id:66096)

Property Details

MLS®: C13424832
Property Type: Retail
Business Type: Personal Services
Zoning: BL1994
Bathrooms: 3
Parking: 1
Interior Size: 1,733 ft²
Building Area: 1,733 ft²
Heating: Forced air
Cooling: Fully air conditioned
Garage: Underground
Property Tax: $11,085.99/yr
Listed: 147 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

147d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$865

List price

$1.50M

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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Listed by REVEL REALTY INC. · ANDREW QUINN PERSAUD

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $1,498,900, about 16.5× the local median household income of $91,000.

Carrying it typically needs a household income of about $292,788 (20% down, 25-yr amortization, stress-tested) — roughly 222% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$1,498,900· $865/ft²

For sale

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Financing

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