298 Main Street, Toronto (East End-Danforth) - Business for Sale
298 Main Street, Toronto (East End-Danforth), Ontario, M4C1L4
This business in Toronto is for sale offering roughly 380 sq ft of space.
Description
An exceptional opportunity to acquire A Plus Cut, a well-established and profitable hair salon that has operated under its current name for over 42 years. The owner has proudly served the local community for more than 50 years, building an outstanding reputation and an exceptionally loyal, multi-generational clientele. Families have returned for decades, with parents introducing their children and grandchildren, creating a strong foundation of repeat business while new customers continue to discover the salon through its excellent reputation and word-of-mouth referrals. Ideally situated at the highly visible intersection of Danforth Avenue and Main Street, the salon enjoys outstanding exposure, heavy pedestrian and vehicle traffic, and excellent access to public transit. Surrounded by high-rise condominiums, apartment buildings, established neighbourhoods, and a vibrant mix of retail and service businesses, the location provides asteady flow of both loyal and walk-in clientele. Operating successfully in an area with limited direct competition, this turnkey business offers stable income, an established brand, and excellent potential for an owner-operator or investor looking to continue a respected legacy in one of Toronto's busiest commercial corridors. (id:66096)
Property Details
- MLS®
- E13518632
- Property Type
- Business
- Business Type
- Personal Services
- Zoning
- Commercial
- Bathrooms
- 1
- Interior Size
- 380 ft²
- Heating
- Baseboard heaters
- Cooling
- Fully air conditioned
- Property Tax
- $4,354.45/yr
- Listed
- 124 days ago
Features
- Appliances
- Furniture
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 124 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 (M4C)
This home lists at $199,888, about 2.4× the local median household income of $83,000.
Carrying it typically needs a household income of about $39,045 (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)
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 →
$199,888
Toronto