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SaleCommercial Retail

14 Afton Avenue

Toronto C01, ON M6J 1R7

Price

$1,349,000

Building Size

1,496 sq ft

MLS# C13422702 | Listed by FOREST HILL REAL ESTATE INC.

Business Details

Business Type

Other

Property Use

Multi-Use

Franchise

No

Commercial Space & Financials

Retail Area

1,200 sq ft

Office / Apt Area

863 sq ft

Taxes (Annual)

$9,690

Industrial Specifications

Clear Height

6 ft

Lot Size

17.58' × 90'

Property Description

14 Afton Avenue is an R(d1*804)-zoned mixed-use property in Toronto's vibrant and revitalized Little Portugal, on a corner lot at Queen St W and Beaconsfield. MPAC classifies the 1894 building as a duplex (Property Code 332), meaning two dwelling units. In current use, the ground-floor unit is operated as a ~1,200 sf retail storefront (legalized under site-specific exception R(x804)) and is leased month-to-month to Inabuggy Inc at $3,500 plus HST. The upstairs residential unit is leased at $2,500/mo per the owner; corridor rent benchmarks (20 Afton at $4,200, 8 Grafton main at $3,995) suggest market for a comparable unit is closer to $4,000, so the in-place rent sits roughly $1,500/mo below market. A great opportunity for an investor or live upstairs and run your business ground level. Impressive Density Within Walking Distance With Guaranteed Foot Traffic Every Day. Storefront Space Is Ideal For Art Gallery, Convenience, Cafe,Specialty Food Or Service, Real Estate Office, Morgtage Broker or a variety of possible uses.

Price & Status History

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Listing Courtesy of: FOREST HILL REAL ESTATE INC.

This listing is provided through the TRREB MLS® System. Contact the listing brokerage for more information.