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$2,999,000
Est. payment /mo
6 Baths
3,320 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3320
Square Footage 3,320 sqft
Price per Sqft $903
Subdivision Yonge-Eglinton
MLS® Listing ID C14102746
Property Description
Prime mixed-use investment opportunity in the heart of Midtown Toronto, just south of Yonge and Eglinton. Featuring approximately 20 feet of frontage on Yonge Street, this property benefits from exceptional visibility and exposure along one of Toronto's busiest pedestrian and vehicular corridors. Across the street is home to over 1,800 condominium units, including Minto Midtown with 891 units, Y&S Condos with over 300 units, and The Art Shoppe with over 625 units, creating a substantial nearby residential population and strong demand for local retail and services. Directly across the street is Farm Boy and Staples. Just a short block from Eglinton subway station and the Eglinton Crosstown LRT, the property offers outstanding transit accessibility. The first-floor retail space is leased to a high-quality tenant. The second floor features two renovated, two-bedroom apartments in like-new condition, both currently vacant and ready for occupancy or leasing. Each two bedroom apartment features a three-piece bathroom with a stand-up shower, its own dedicated laundry equipment, a fridge and stove, and abundant natural light from numerous windows and skylights. The electrical system has been recently upgraded, with separate hydro meters for each apartment and the ground-floor retail space. One rear parking space adds further convenience. In addition to its strong income potential, the property offers potential long-term redevelopment value in a rapidly intensifying Midtown corridor surrounded by high-density residential projects and excellent transit infrastructure. Buyers are encouraged to investigate future development possibilities, subject to applicable zoning, planning approvals and municipal requirements. An exceptional opportunity for investors seeking a versatile income-producing property with potential long-term upside in a premier Yonge Street location. Please do not approach the retail store or contact staff. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Forced air,
Cooling Partially air conditioned
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 1
Garage No
Private Pool No
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Listed by RIGHT AT HOME REALTY
NEARBY SCHOOL & BUSINESS
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Muhamed Awada
Real Estate Agent License ID: 4726552
Real Estate Agent License ID: 4726552