3447 Kennedy Road, Toronto (Milliken) - Business for Sale
3447 Kennedy Road, Toronto (Milliken), Ontario, M1V3S1
Description
Located in a high-traffic area with a steady customer base and excellent reputation. The shop features elegant decor and a well-organized layout, ideal for continuing a tea culture-related business. Main Business: Retail of tea sets and premium teas. Private mahjong/card rooms Tea ceremony and tasting rooms. Highlights: Fully equipped and beautifully decorated - turnkey operation Stable clientele with many returning customers. Great potential for expansion (e.g., private gatherings, cultural workshops, or lifestyle events). Owner spend 25k for the decoration. Turn key business. (id:66096)
Property Details
- MLS®
- E13172528
- Property Type
- Business
- Zoning
- commercial-retail
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $14/yr
- Listed
- 163 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 163 days on market, against an average age of 110 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.
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M1V)
This home lists at $99,000, about 1.2× the local median household income of $82,000.
Carrying it typically needs a household income of about $19,338 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $82,000
- Population
- 50,825
- Median age
- 45.6
- Owner / renter
- 81% / 19%
- Avg. household size
- 3.2
Source: Statistics Canada, 2021 Census (FSA M1V)
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$99,000
Toronto