290 Gerrard Street East, Toronto (Cabbagetown-South St. James Town) - Business for Sale
290 Gerrard Street East, Toronto (Cabbagetown-South St. James Town), Ontario, M5A2G4
This business in Toronto is for sale offering roughly 900 sq ft of space.
Description
Remarkable opportunity to own a beautiful and charming café in the heart of downtown! Ideally situated in a vibrant neighbourhood on a busy street with excellent exposure and steady foot traffic. Offering a delicious selection of breakfast favourites, fresh sandwiches, soups and paninis, quality coffee, and refreshing smoothies, pastries and cakes. Operating as both a takeout and sit-down café, it's the perfect spot for a quick bite or coffee on the go, as well as a relaxed business lunch or friendly get-together. Enjoy generous indoor and outdoor seating, with approximately 10 seats in the welcoming front area, seating for up to 24 guests in the spacious main room at the back, plus an outdoor patio accommodating approximately 18 guests. A full basement provides valuable additional space for storage, an office, or other business needs. A fantastic opportunity for an owner-operator or entrepreneur looking to step into a well-positioned cafe business in a prime downtown location! (id:66096)
Property Details
- MLS®
- C13662250
- Property Type
- Business
- Zoning
- CR2 (cl; r2*1911)
- Interior Size
- 900 ft²
- Lot Size
- 17 × 132 ft (2,277 sq ft)
- Frontage
- 17 ft
- Heating
- Forced air
- Cooling
- Fully air conditioned
- Listed
- 85 days ago
Features
- Appliances
- Oven, Freezer, Furniture
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 85 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 (Cabbagetown-South St. James Town) 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 (M5A)
This home lists at $98,000, about 1.4× the local median household income of $71,000.
Carrying it typically needs a household income of about $19,143 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $71,000
- Population
- 48,978
- Median age
- 36.4
- Owner / renter
- 35% / 65%
- Avg. household size
- 1.8
Source: Statistics Canada, 2021 Census (FSA M5A)
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$98,000
Toronto