1063 Markham Road, Toronto (Woburn) - Business for Sale
1063 Markham Road, Toronto (Woburn), Ontario, M1H2Y5
This business in Toronto is for sale offering roughly 1,492 sq ft of space.
Description
Exceptional opportunity to acquire a brand-new turnkey pizza franchise in one of Scarborough's fastest-growing mixed-use communities. Located at 1063 Markham Road, this modern pizza restaurant occupies a premium ground-floor commercial unit within a high-density residential development, offering excellent exposure along Markham Road.Professionally designed and built with premium leasehold improvements and top-quality commercial kitchen equipment, the business is fully operational with dine-in, take-out, and delivery services. Over $550,000 has been invested in construction, leasehold improvements, equipment, franchise setup, and build-out, allowing a new owner to step into a fully established operation without the time, cost, and challenges of building from scratch.The surrounding neighbourhood continues to experience significant residential growth, with additional condominium development underway adjacent to the property, creating long-term potential for increased customer traffic. Conveniently located near Highway 401, TTC transit, schools, Scarborough Town Centre, and major retailers.A rare opportunity for an owner-operator or investor to acquire a professionally built pizza franchise in a rapidly growing community.Confidential Sale. Please do not approach staff or management. All inquiries and showings by appointment only through the Listing Brokerage. (id:66096)
Property Details
- MLS®
- E13551222
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- CR
- Bathrooms
- 2
- Parking
- 2
- Interior Size
- 1,492 ft²
- Frontage
- 37 ft
- Heating
- Forced air
- Cooling
- Fully air conditioned
- Garage
- Underground
- Property Tax
- $12/yr
- Listed
- 117 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 117 days on market, against an average age of 62 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 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Toronto (Woburn) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M1H)
This home lists at $225,000, about 2.8× the local median household income of $80,000.
Carrying it typically needs a household income of about $43,950 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $80,000
- Population
- 23,964
- Median age
- 38.4
- Owner / renter
- 62% / 38%
- Avg. household size
- 2.7
Source: Statistics Canada, 2021 Census (FSA M1H)
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$225,000
Toronto