2789 Lakeshore Boulevard West, Toronto (New Toronto) - Business for Sale
2789 Lakeshore Boulevard West, Toronto (New Toronto), Ontario, M8V1H4
This business in Toronto is for sale. It has been on the market 62 days, fresher than the Toronto average of 75 days.
Description
Enjoy exceptionally low monthly rent of only $3,900, including TMI. The landlord is also open to offering a new 5+5-year lease commencing at the same monthly rent. With a 5-star Google rating, loyal clientele, consistent income, and low operating overhead, the lounge has built an excellent reputation within the community. Perfect for pool and snooker tournaments, birthday celebrations, date nights, corporate bookings, team-building events, private parties, and live sports viewings. Currently operating from 4:00 p.m. until late, with no restrictions on operating hours, the business offers excellent potential to increase revenue through daytime operations, expanded programming, memberships, leagues, and special events. An outstanding opportunity for an investor or owner-operator seeking an established, steady-income entertainment business in a vibrant community. (id:66096)
Property Details
- MLS®
- W13748470
- Property Type
- Business
- Business Type
- Recreation
- Zoning
- Retail
- Heating
- Forced air
- Cooling
- Fully air conditioned
- Listed
- 62 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 62 days on market, against an average age of 75 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 (New Toronto) has been listed for 62 days, which is 13 days fresher than the city average of 75. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M8V)
This home lists at $59,900, about 0.8× the local median household income of $79,000.
Carrying it typically needs a household income of about $11,701 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $79,000
- Population
- 44,144
- Median age
- 40
- Owner / renter
- 49% / 51%
- Avg. household size
- 1.9
Source: Statistics Canada, 2021 Census (FSA M8V)
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$59,900
Toronto