$1,288,000
For sale: Other

Welcome to 1702 Jane Street. A great investment opportunity located in Toronto's vibrant Weston neighborhood. The surrounding area boasts a variety of amenities, including schools, parks, shopping centers, and dining options, contributing to the properties appeal for both commercial and residential purposes. This very well maintained versatile property features a high exposure commercial storefront plus 3 residential apartments: a renovated 2-bedroom unit on main level (vacant for own-use or rent out), a very spacious 2-bedroom unit on upper level and a 3-bedroom unit on lower level. Front & rear separate access with 4 parking spots total. All existing leases on the basis of month to month, providing the flexibility to tailor the property to your specific needs. Conveniently situated just minutes from Highway 400/401, Weston GO Station and TTC at your doorstep, this property offers exceptional visibility and accessibility for both commercial and residential use. Projected to generate Net Annual Income of $90,000 plus, this property boasts a favorable Capitalization Rate of 7.0% above. Please note that the income figures are based on current and previous rent and actual income may vary based on market conditions and management. This is your opportunity to invest in a property with immense potential for business or rental income. Don't miss it!!
Sold data
Homes in Weston took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 57, across 33 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.
The median sale price was $735,000.
Homes sold for about 2.5% below asking on average, so there was room to negotiate.
About 15% of sales closed above the list price.
Around 18% of sellers reduced their price before finding a buyer.
Based on 33 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto (Weston) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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