146 Cumberland Street, Toronto (Annex) - Business for Sale
146 Cumberland Street, Toronto (Annex), Ontario, M5R1A8
This business in Toronto is for sale offering roughly 810 sq ft of space.
Description
Exceptional opportunity to acquire a celebrated Italian-style gelateria and café in the heart of prestigious Yorkville. Located in one of Toronto's most elegant and sought-after neighbourhoods, this established business benefits from strong pedestrian traffic, affluent clientele, and a reputation for quality. Recognized with the ICCO Best Gelato in Ontario Award in 2022, the business offers authentic artisanal gelato alongside a popular café component, creating multiple revenue streams. A rare chance to take over a distinguished brand in a premier destination known for its luxury shopping, dining, and year-round activity. (id:66096)
Property Details
- MLS®
- C13474750
- Property Type
- Business
- Zoning
- Commercial
- Interior Size
- 810 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 136 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 136 days on market, against an average age of 58 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.
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M5R)
This home lists at $175,000, about 2.0× the local median household income of $86,000.
Carrying it typically needs a household income of about $34,184 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $86,000
- Population
- 26,197
- Median age
- 42
- Owner / renter
- 39% / 61%
- Avg. household size
- 1.8
Source: Statistics Canada, 2021 Census (FSA M5R)
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$175,000
Toronto