2207 Gerrard Street East, Toronto (East End-Danforth) - Business for Sale
2207 Gerrard Street East, Toronto (East End-Danforth), Ontario, M4E2C8
Description
Location, Location, Location. Excellent Opportunity To Own A Well-Established Dry-Cleaning Business In The Heart Of Toronto In A Very Convenient Location With Very Low Rent Structure. This Business Is Ideal For An Owner-Operator Looking For A Manageable Operation With Potential For Growth. The Store Benefits From An Established Customer Base And Provides Dry-Cleaning And Garment-Care Services To The Local Community. Great Opportunity For An Entrepreneur To Take Over An Existing Operation And Expand Services, Marketing, And Customer Base. Several New Condos Being Developed Directly Across From And Around The Property. Training And Transition Assistance Can Be Discussed. Flexible Opportunity For A Motivated Buyer. A Large Basement Included In Rent And Provides Ample Storage Space. (id:66096)
Property Details
- MLS®
- E13689156
- Property Type
- Business
- Business Type
- Service
- Zoning
- Commercial
- Heating
- Baseboard heaters
- Cooling
- Fully air conditioned
- Listed
- 78 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 78 days on market, against an average age of 56 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 (East End-Danforth) 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 (M4E)
This home lists at $95,000, about 0.8× the local median household income of $112,000.
Carrying it typically needs a household income of about $18,557 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $112,000
- Population
- 25,473
- Median age
- 42.8
- Owner / renter
- 64% / 36%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA M4E)
Book a showing
Pick a time that suits you. A verified local agent confirms within 24h.
Buying this business?
Acquisition financing works differently from a property mortgage. Tell our partner brokers at iShopRates what you are buying and they will come back with options.
Ask about acquisition financing →
$95,000
Toronto