1233 Queen Street West, Toronto (South Parkdale) - Business for Sale
1233 Queen Street West, Toronto (South Parkdale), Ontario, M6K1L5
This business in Toronto is for sale offering roughly 1,000 sq ft of space.
Description
Alexander Falafel located on 1233 Queen Street West is one of the oldest Shawarma restaurants in the city. It's been running for the last 20 years and it is home to the very historical and lively Parkdale area close to downtown. People come all around to try this food and explore the area with the amount of events and places nearby like CNE, Grand Liberty and Ontario Place. Alexander Falafel is operated for long hours, 11 AM to 3 AM seven days a week. The restaurant is situated close to many renowned bars such as Rhino Bar, Motel Bar, Cadillac Lounge, Parkdale Drink and Stone Bar. It has also been recently upgraded with new equipment and completely revamped and updated with a new fresh look, ensuring that everything looks new and enticing. Overall a very profitable business with low food costs and generally it is an easy to manage restaurant. (id:66096)
Property Details
- MLS®
- W13582764
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- CR 2.5 (c1.0; r2.0) SS2 (x2608)
- Interior Size
- 1,000 ft²
- Frontage
- 45 ft
- Building Area
- 1,000 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $37,614/yr
- Listed
- 108 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 108 days on market, against an average age of 64 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 (South Parkdale) 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 (M6K)
This home lists at $249,500, about 3.5× the local median household income of $72,000.
Carrying it typically needs a household income of about $48,736 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $72,000
- Population
- 42,110
- Median age
- 35.6
- Owner / renter
- 31% / 69%
- Avg. household size
- 1.8
Source: Statistics Canada, 2021 Census (FSA M6K)
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$249,500
Toronto