Description

*Full Property Address: 3217, 3219 & 3221 Yonge Street. All Three Properties Are Being Offered For Sale Together.** Ideal for A Value-Add Investor With Exceptional Lot Depth Allowing For Future Development Potential. Excess Land Currently Used As Parking. Steps To Lawrence TTC Station. Prime Yonge & Lawrence Location Surrounded By Upscale Retail, Restaurants, And Multiple Nearby Development Projects. Existing Leases Provide An Opportunity To Add Value Through Rental Rate Growth And Property Repositioning. Outstanding Yonge Street Exposure. (id:66096)

Property Details

MLS®: C13676190
Property Type: Retail
Zoning: CR3 (c2 ; r2.5) *2420
Interior Size: 7,456 ft²
Lot Size: 18 × 150 ft (2,700 sq ft)
Frontage: 18 ft
Heating: Other
Cooling: Fully air conditioned
Property Tax: $39,899.75/yr
Listed: 82 days ago

Market Timing

Days on market

82d

Toronto (Lawrence Park North) listings, avg age

55d

Price / ft²

$1,127

List price

$8.40M

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 (M4N)

This home lists at $8,400,000, about 57.5× the local median household income of $146,000.

Carrying it typically needs a household income of about $1,640,814 (20% down, 25-yr amortization, stress-tested) — roughly 1024% above the area median.

Median household income: $146,000
Population: 16,058
Median age: 46.8
Owner / renter: 64% / 36%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M4N)

$8,400,000· $1,127/ft²

For sale

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Financing

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Yonge Street, Toronto (Lawrence Park North) - Retail for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (M4N)

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