505-507 Marlee Avenue, Toronto | Image 1

505-507 Marlee Avenue

Toronto, Yorkdale-Glen Park

  • Commercial

$2,990,000
For Sale

Added 2 weeks ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: CR1

  • Age: No Data

  • Taxes: 7329.14

  • MLS®#: W11836369

  • Added: Dec 03, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: MEHOME REALTY (ONTARIO) INC.

Prime Investment Opportunity in Yorkdale-Glen Park! Welcome to a highly sought-after commercial and residential mixed-use property in the vibrant Yorkdale-Glen Park community. This prime location is just a 5-minute walk from Glencairn subway station, minutes drive from highway 401, and only two subway stops from Yorkdale Shopping Mall-offering unbeatable convenience and accessibility. The property features: -Ground Floor: Currently tenanted by a thriving women's clothing store, providing a steady income stream. - Upper Level: A spacious 3-bedroom, 2-bathroom residential apartment, also tenanted month to month, offering additional rental income. The surrounding neighbourhood is undergoing rapid transformation, with numerous condominium developments underway or planned, further enhancing the area's growth and value potential. This property presents an incredible opportunity for investors and builders alike, whether you're looking for short-term returns or long-term growth. Don't miss out on this rare find in one of Toronto's most dynamic and up-and-coming neighbourhoods! Contact us today for more details!

Extras

*****VTB available at a rate lower than Big Five banks*****

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Retail

  • Area: Toronto

  • Community: Yorkdale-Glen Park

  • Availability Date: Immediate

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Heat Type: Gas Forced Air Closd

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Taxes: $7,329

  • Taxes Type: Annual

Land

  • Cross Street: Glencairn Ave. & Mar

  • Municipality District: Toronto W04

  • Lot Depth: 100 Feet

  • Lot Frontage: 18.5 Feet

  • Zoning: CR1

Commercial Specific

  • Total Area: 1800

  • Total Area Metric: Sq Ft

  • Area Influence: Major Highway

  • Area Influence: Subways

  • Lot Code: Building

Map of 505-507 Marlee Avenue, Toronto
JK-5

Flemington Public School

Elementary: Public
1.33 km
JK-8

St Charles Catholic School

Elementary: Catholic
0.85 km
JK-8

Sts Cosmas and Damian Catholic School

Elementary: Catholic
0.23 km
JK-6

Glen Park Public School

Elementary: Public
0.79 km
JK-6

West Preparatory Junior Public School

Elementary: Public
1.03 km
JK-8

St Thomas Aquinas Catholic School

Elementary: Catholic
1.41 km
9-12

Vaughan Road Academy

Secondary: Public
2.01 km
9-12

Yorkdale Secondary School

Secondary: Public
1.84 km
9-12

Oakwood Collegiate Institute

Secondary: Public
3.36 km
9-12

John Polanyi Collegiate Institute

Secondary: Public
1.04 km
9-12

Forest Hill Collegiate Institute

Secondary: Public
1.85 km
9-12

Dante Alighieri Academy

Secondary: Catholic
1.22 km
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