



$869,000
Toronto
#Unit #11 3101 Kennedy Road, Toronto (Milliken), Ontario, M1V4Y1
This retail property in Toronto is for sale offering roughly 1,027 sq ft of space. It has been on the market 15 days, fresher than the Toronto average of 109 days.
An excellent opportunity to acquire a tenanted retail investment property at Gourmet City, strategically located at the southeast corner of Kennedy Road and McNicoll Avenue in Scarborough, with convenient access from Kennedy Road and Milliken. Featuring impressive 20-foot ceilings and a mezzanine, this approximately 1,027 sq. ft. retail unit offers an excellent investment opportunity with established rental income and an existing lease in place.The property offers excellent connectivity and access to highways 404 and 407, a vibrant, multicultural community. Don't miss this opportunity to secure an income-producing retail investment with rental growth potential in a high-demand commercial location! (id:66096)
Features and services as supplied by the listing brokerage.
Active: 15 days on market, against an average age of 109 days across the listings currently for sale in this city
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.
This retail in Toronto (Milliken) has been listed for 15 days, which is 94 days fresher than the city average of 109. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $869,000, about 10.6× the local median household income of $82,000.
Carrying it typically needs a household income of about $169,746 (20% down, 25-yr amortization, stress-tested) — roughly 107% above the area median.
Source: Statistics Canada, 2021 Census (FSA M1V)
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