14 Tower Drive, Toronto (Wexford-Maryvale) - Business for Sale
14 Tower Drive, Toronto (Wexford-Maryvale), Ontario, M1R3N9
This business in Toronto is for sale offering roughly 1,300 sq ft of space. It has been on the market 16 days, fresher than the Toronto average of 46 days.
Description
A truly unique business opportunity in Scarborough! This well-established hookah/shisha lounge offers an inviting atmosphere and excellent potential for an owner-operator looking to grow an established business. Situated in a desirable location surrounded by successful businesses, the lounge benefits from strong Google reviews. The approximately 1,250 sq. ft. premises accommodate around 40 patrons and feature a well-equipped setup, with ample parking available for approximately 15-20 vehicles. Monthly rent is approximately $4,680, including TMI and HST, and the landlord is willing to maintain this rate for four years, subject to lease terms. A basement with good ceiling height offers potential to expand the usable business space, subject to necessary approvals and permits. An exciting opportunity to build on an established business in a thriving Scarborough location! (id:66096)
Property Details
- MLS®
- E14095890
- Property Type
- Business
- Zoning
- CR2.5(c2.5;r2.1)*719)
- Interior Size
- 1,300 ft²
- Frontage
- 81 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 16 days ago
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Active: 16 days on market, against an average age of 46 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 (Wexford-Maryvale) has been listed for 16 days, which is 30 days fresher than the city average of 46. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M1R)
This home lists at $129,000, about 1.6× the local median household income of $81,000.
Carrying it typically needs a household income of about $25,198 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $81,000
- Population
- 30,467
- Median age
- 41.2
- Owner / renter
- 56% / 44%
- Avg. household size
- 2.8
Source: Statistics Canada, 2021 Census (FSA M1R)
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$129,000
Toronto