407A Bloor Street East, Toronto (North St. James Town) - Business for Sale
407A Bloor Street East, Toronto (North St. James Town), Ontario, M4W3T2
This business in Toronto is for sale offering roughly 1,000 sq ft of space. It has been on the market 57 days, fresher than the Toronto average of 66 days.
Description
Exceptional Turnkey Restaurant Opportunity Offering A Rare Combination Of Prime Bloor Street Location, Attractive Asking Price, Competitive Rent And Strong Growth Potential. Positioned Directly Between Tim Hortons And McDonald's On The Busy Bloor Street East Corridor With Exposure To Approx. 15,000-20,000 Vehicles Daily And Thousands Of Pedestrians. Steps To Sherbourne Subway Station And Surrounded By The Extremely Dense St. James Town Community Featuring Over 19 Residential Towers And 17,000+ Residents Within Walking Distance. Short Walk To Georgian College At ILAC and Trios College Bringing Thousands Of Students To The Area Year-Round And Creating Strong Demand For Take-Out And Casual Dining. Located In A Proven Food Corridor With Consistent Lunch, Evening And Late-Night Traffic. Recently Renovated With All Equipment In Great Condition. The Buyer Can Continue The Current Concept And Branding Or Easily Convert The Space To Another Food Concept. With A Strong Established Customer Base And Competitive Rent Of $7,290 Including TMI and Hst, This Turnkey Operation Presents An Excellent Opportunity For Entrepreneurs Seeking A Profitable Business In A High-Demand Downtown Location With Significant Upside Potential. (id:66096)
Property Details
- MLS®
- C13767646
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Interior Size
- 1,000 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 57 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 57 days on market, against an average age of 66 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 (North St. James Town) has been listed for 57 days, which is 9 days fresher than the city average of 66. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M4W)
This home lists at $149,000, about 1.4× the local median household income of $104,000.
Carrying it typically needs a household income of about $29,105 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $104,000
- Population
- 15,296
- Median age
- 44.8
- Owner / renter
- 56% / 44%
- Avg. household size
- 1.9
Source: Statistics Canada, 2021 Census (FSA M4W)
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 →
$149,000
Toronto