2662 Danforth Avenue, Toronto (East End-Danforth) - Business for Sale
2662 Danforth Avenue, Toronto (East End-Danforth), Ontario, M4C1L7
This business in Toronto is for sale. It has been on the market 42 days, fresher than the Toronto average of 55 days.
Description
Well-established bar and restaurant business successfully operated by the same owner for over 14 years.The premises are fully equipped with restaurant equipment and offer excellent potential for a new operator. Two high-rise condominiums are coming to the surrounding area, providing strong future growth potential and increased customer traffic.Ideal for a variety of restaurant, bar, or food-service concepts.Liquor licence capacity of 30 persons* Monthly rent: approximately **$4,000, including TMI*** New lease agreement available* Suitable for a wide range of restaurant concepts* Excellent chance for looking for business location in a growing neighbourhood. (id:66096)
Property Details
- MLS®
- E13817056
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Comm
- Bathrooms
- 2
- Frontage
- 1 ft
- Heating
- Other
- Cooling
- Fully air conditioned
- Property Tax
- $1/yr
- Listed
- 42 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 42 days on market, against an average age of 55 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) has been listed for 42 days, which is 13 days fresher than the city average of 55. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M4C)
This home lists at $65,000, about 0.8× the local median household income of $83,000.
Carrying it typically needs a household income of about $12,697 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $83,000
- Population
- 46,440
- Median age
- 40
- Owner / renter
- 53% / 47%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA M4C)
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$65,000
Toronto