$4,199,000
For sale: Other

Rare freestanding auto-service building with direct Highway 401 exposure and flexible MC (Industrial-Commercial) zoning permitting a broad range of automotive, service, industrial and commercial uses. Set on Wilson Avenue just east of the Highway 400/401 interchange, the approx. 3,600 SF brick building offers five drive-in service bays on an approx. 0.44 acres site with use useable outdoor/yard area, including excess rear land for expansion, additional yard or vehicle storage. Multiple income streams are in place; an automotive service and used-car sales tenancy, rear-lot tenancy, and a long-term Bell Canada rooftop ground lease; purchase with tenants in place or take vacant possession. Vendor-take-back (VTB) financing available to qualified buyers, and existing shop equipment is available at additional cost. Recent Phase I and Phase II Environmental Site Assessments on file. Exceptional access: minutes to Highways 400, 401 and 407, Allen Road, Yorkdale and Pearson International Airport, with TTC transit at the door. A turnkey opportunity for an owner-operator automotive user or a value-add investor seeking in-place income with upside in the excess land.
Sold data
Other homes in Toronto (Humberlea-Pelmo Park) took a median of 39 days to sell over the last 365 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 91, across 37 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 102 days.
The median sale price was $59,000.
Homes sold for about 9.1% below asking on average, so there was room to negotiate.
About 5% of sales closed above the list price.
Around 14% of sellers reduced their price before finding a buyer.
Based on 37 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto (Humberlea-Pelmo Park) 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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