89 Simcoe Street South, Oshawa (Central) - Business for Sale
89 Simcoe Street South, Oshawa (Central), Ontario, L1G4R8
This business in Oshawa is for sale offering roughly 2,000 sq ft of space. It has been on the market 7 days, fresher than the Oshawa average of 66 days.
Description
Well-Established And Well-Known Chinese Restaurant In Oshawa! A Stable And Profitable Area Business With Over 40 Years Of History. Ideally Located Near The Hospital, Community Centre, University Campus, Residential Communities And Schools, Offering A Steady Customer Base. Approximately 75% Takeout Business, Making It Easy To Operate. Currently Generating Approximately $13,000 In Weekly Sales As Per Seller. Low Rent, Stable Business, And Turnkey Operation With Excellent Potential To Further Increase Sales. Seller Willing To Provide Training To Ensure A Smooth Transition. Landlord Willing To Offer A New Long-Term Lease. Freestanding Building With Its Own Parking Lot. An Excellent Opportunity To Own A Long-Established Restaurant With A Loyal Customer Base! (id:66096)
Property Details
- MLS®
- E14125154
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Rest
- Bathrooms
- 3
- Interior Size
- 2,000 ft²
- Building Area
- 2,000 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $1/yr
- Listed
- 7 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Just listed: 7 days on market, against an average age of 66 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 29 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 99.2 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Oshawa (Central) has been listed for 7 days, which is 59 days fresher than the city average of 66. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L1G)
This home lists at $99,000, about 1.3× the local median household income of $75,500.
Carrying it typically needs a household income of about $19,338 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $75,500
- Population
- 43,497
- Median age
- 43.2
- Owner / renter
- 56% / 44%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA L1G)
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$99,000
Oshawa