2789A Danforth Avenue, Toronto (East End-Danforth) - Business for Sale
2789A Danforth Avenue, Toronto (East End-Danforth), Ontario, M4C1L9
This business in Toronto is for sale. It has been on the market 8 days, fresher than the Toronto average of 55 days.
Description
TURNKEY & PROFITABLE BARBERSHOP BUSINESS OPPORTUNITY! Established incorporated barbershop operating since 2019, situated in a prime Danforth and Victoria Park location with a long history of barbershop operations. Fully renovated and equipped with 3 barber stations, additional room for expansion, a hair-washing station, refrigerator, and retail display case. Established clientele, strong profitability, and an existing employee providing hair braiding services, offering an additional revenue stream. Includes 2 private rear parking spaces with potential for additional parking. Excellent opportunity for an owner-operator or investor looking to acquire an established, profitable business with further growth potential. Current lease runs until December 2027, with landlord open to discussing renewal. Fully operational and ready to go from day one! Excellent opportunity to take over a thriving business in a growing neighbourhood. (id:66096)
Property Details
- MLS®
- E14120288
- Property Type
- Business
- Business Type
- Personal Services
- Zoning
- CR
- Frontage
- 10 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $4,584/yr
- Listed
- 8 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 8 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 8 days, which is 47 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 $45,000, about 0.5× the local median household income of $83,000.
Carrying it typically needs a household income of about $8,790 (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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$45,000
Toronto