8053 Yonge Street, Markham (Royal Orchard) - Business for Sale
8053 Yonge Street, Markham (Royal Orchard), Ontario, L3T2C5
This business in Markham is for sale offering roughly 1,050 sq ft of space. It has been on the market 19 days, fresher than the Markham average of 55 days.
Description
Exceptional opportunity to own a highly established, successful business with decades of operating history and deep roots in the Thornhill community! Located on bustling Yonge Street in a prominent, well-maintained plaza, this reputable business offers a turnkey opportunity in a high-traffic location and also hosts events. The premises feature over 1,000 sq. ft., with gross rent of approximately $ per 5,500 Month, including HST. All equipment required to operate the business is included. Current management will facilitate the transfer of existing business contracts to the new owner and provide comprehensive training and ongoing guidance as needed to support a smooth transition. Don't miss your chance to take over a longstanding business with an established presence in the community! The landlord is also open to extending the lease for an additional five years. (id:66096)
Property Details
- MLS®
- N14087994
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Interior Size
- 1,050 ft²
- Heating
- Forced air
- Cooling
- Fully air conditioned
- Listed
- 19 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 19 days on market, against an average age of 55 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 97.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Markham (Royal Orchard) has been listed for 19 days, which is 36 days fresher than the city average of 55. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L3T)
This home lists at $388,000, about 4.1× the local median household income of $95,000.
Carrying it typically needs a household income of about $75,790 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $95,000
- Population
- 50,405
- Median age
- 47.2
- Owner / renter
- 76% / 24%
- Avg. household size
- 2.5
Source: Statistics Canada, 2021 Census (FSA L3T)
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$388,000
Markham