3 Elmhurst Avenue, Toronto (Lansing-Westgate) - Business for Sale
3 Elmhurst Avenue, Toronto (Lansing-Westgate), Ontario, M2N1R3
This business in Toronto is for sale offering roughly 2,450 sq ft of space.
Description
Money Maker, Two businesses in one location, Extremely Popular Restaurant / Karaoke Bar Located At Yonge And Sheppard. Very Profitable Turn Key Business With 3.5 Years + 5 Year Option Remaining On The Lease. Restaurant On Main Floor And Karaoke Bar Located On The Lower Level. Plenty Of Parking In Front And On Side Of The Building With Sheppard Station Ttc Located Directly Behind The Restaurant. tastefully decorated & designed interior with 145 seats, fully equipped kitchen, 6 private karaoke rooms. (id:66096)
Property Details
- MLS®
- C12891988
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Interior Size
- 2,450 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 232 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 232 days on market, against an average age of 87 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 (Lansing-Westgate) 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 (M2N)
This home lists at $678,000, about 8.3× the local median household income of $82,000.
Carrying it typically needs a household income of about $132,437 (20% down, 25-yr amortization, stress-tested) — roughly 62% above the area median.
- Median household income
- $82,000
- Population
- 75,100
- Median age
- 38
- Owner / renter
- 59% / 41%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA M2N)
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$678,000
Toronto