40 King Street West, Toronto (Bay Street Corridor) - Business for Sale
40 King Street West, Toronto (Bay Street Corridor), Ontario, M5H3Y2
This business in Toronto is for sale offering roughly 1,137 sq ft of space. It has been on the market 42 days, fresher than the Toronto average of 60 days.
Description
GREAT OPPORTUNITY TO OWN one of Canada's Leading National Health Food Chain "Nutrition House" IN SCOTIA PLAZA AT YONGE AND KING ST W, Downtown Toronto. Includes an NH Direct ecommerce website, Area: 1137square feet. Royalties: 5% of Sales, Good Income. Gross Monthly Rent: $6,500 plus utilities plus 14% of sales in excess of $557,000 in year 1,Located in a thriving Business Community in the Heart of Toronto at the base of 3 integrated buildings and 2,000,000 square feet of combined office space Office tenants include Scotiabank, Pacific Life Insurance, and Northleaf Capital Partners, Part of the busy underground P.A.T.H. system that accommodated over 200,000 daily commuters. Great co-tenants including Oxygen Yoga Fitness, Winners, L'Attitudes, Aroma, Ninki Sushi, Thai Express, and Tim Hortons, Busy King Subway Station on-site.Term - 5 years plus an option for 5 years, Price Includes a newly renovated store. AVAILABILITY : JANUARY 2027 (id:66096)
Property Details
- MLS®
- C13820174
- Property Type
- Business
- Business Type
- Retail and Wholesale
- Zoning
- Commercial
- Interior Size
- 1,137 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Garage
- Underground
- Listed
- 42 days ago
Features
- Lot Features
- Elevator
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 42 days on market, against an average age of 60 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 (Bay Street Corridor) has been listed for 42 days, which is 18 days fresher than the city average of 60. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M5H)
This home lists at $150,000, about 1.7× the local median household income of $90,000.
Carrying it typically needs a household income of about $29,300 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $90,000
- Population
- 3,248
- Median age
- 31.4
- Owner / renter
- 36% / 64%
- Avg. household size
- 1.6
Source: Statistics Canada, 2021 Census (FSA M5H)
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$150,000
Toronto