165 The Queensway, Toronto (Stonegate-Queensway) - Business for Sale
165 The Queensway, Toronto (Stonegate-Queensway), Ontario, M8Y1H8
This business in Toronto is for sale offering roughly 570 sq ft of space. It has been on the market 26 days, fresher than the Toronto average of 51 days.
Description
Excellent opportunity to own a restaurant and convenience store within the busy Ontario Food Terminal, benefiting from substantial daily foot traffic. Serving Canadian and Indian cuisine, the business generates revenue through food, cigarette and lottery sales. Reported weekly sales range from $6,000 to $7,000, including food and cigarettes, with an additional $2,500 in monthly lottery commissions. Currently operating 45 hours per week, the business offers potential to increase sales through extended operating hours. There is an opportunity to get LLBO license. Monthly rent of $2,750.06 includes heat, electricity, quarterly pest control, fire safety, TMI and GST. An attractive opportunity for an owner-operator seeking a business with multiple revenue streams in a busy commercial location. (id:66096)
Property Details
- MLS®
- W13880516
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Interior Size
- 570 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 26 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 26 days on market, against an average age of 51 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 (Stonegate-Queensway) has been listed for 26 days, which is 25 days fresher than the city average of 51. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M8Y)
This home lists at $249,999, about 2.7× the local median household income of $91,000.
Carrying it typically needs a household income of about $48,834 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $91,000
- Population
- 21,986
- Median age
- 40.8
- Owner / renter
- 56% / 44%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA M8Y)
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$249,999
Toronto