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$99,000
$129,000For salePrice drop↓ $30,000 (23%)

372 Danforth Avenue, Toronto (Playter Estates-Danforth) - Business for Sale

372 Danforth Avenue, Toronto (Playter Estates-Danforth), Ontario, M4K1N8

3,192 ft²Listed 37 days ago
Overview

This business in Toronto is for sale offering roughly 3,192 sq ft of space.

Description

PRIME DANFORTH AVENUE LOCATION IN THE HEART OF GREEKTOWN! Excellent opportunity approximately 1400 sq. ft. plus basement at 372 Danforth Ave, just steps from Chester Subway Station. Highly walkable and transit-connected location surrounded by restaurants, cafés, retail, fitness/wellness and established residential neighbourhoods. The premises is currently operating as La Diperie, offering an opportunity for a qualified operator to continue with the existing ice cream/dessert business or bring their own concept. Landlord is open to a change of concept, subject to landlord approval and all applicable municipal, zoning and licensing requirements. Ideal for a restaurant, café, dessert shop, takeout, specialty food business or other permitted use. Basement included in monthly rent. Water included in TMI. Separate hydro meter. One parking space available at additional cost. Excellent opportunity to establish or continue a business in one of Toronto's best-known food, dining and entertainment districts. The Danforth is also home to the annual Taste of the Danforth, a major Toronto food and cultural festival attracting a large regional audience. Continue the existing concept or bring your own vision to this prime Danforth location! (id:66096)

Property Details

MLS®
E13835960
Property Type
Business
Business Type
Restaurant
Zoning
Com
Interior Size
3,192 ft²
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Listed
37 days ago

Services

Water
Municipal water
Sewer
Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market
37d
Toronto (Playter Estates-Danforth) listings, avg age
29d
Price / ft²
$31
List price
$99K

Extended: 37 days on market, against an average age of 29 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.

Haho

This business in Toronto (Playter Estates-Danforth) is available now. Want me to connect you with the agent or keep you posted on any price updates?

Listed by KIGO REALTY INC. · CHINTAN PATEL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4K)

This home lists at $99,000, about 1.2× the local median household income of $84,000.

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
$84,000
Population
30,913
Median age
43.2
Owner / renter
45% / 56%
Avg. household size
2.2

Source: Statistics Canada, 2021 Census (FSA M4K)

$99,000· $31/ft²
For sale

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$99,000

Toronto

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