409 Spadina Avenue, Toronto (Kensington-Chinatown) - Business for Sale
409 Spadina Avenue, Toronto (Kensington-Chinatown), Ontario, M5T2G6
This business in Toronto is for sale offering roughly 1,800 sq ft of space. It has been on the market 34 days, fresher than the Toronto average of 82 days.
Description
Located In The Heart Of Downtown Toronto's Chinatown, This Restaurant Benefits From Heavy Foot Traffic And A Prime Location Near The University Of Toronto. The Space Offers 1,800 Sq.Ft. On The Main Level Plus Additional Basement Area, Providing Excellent Flexibility For Operations. Recently Renovated With New Equipment, A Professional Kitchen, And A Well-Designed Interior Layout, Come With Walk-In Fridge & Freezer. 69 Seats LLBO. Can Be Easily Converted To Any Dining Concept. (id:66096)
Property Details
- MLS®
- C13855648
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Bathrooms
- 4
- Interior Size
- 1,800 ft²
- Lot Size
- 17 × 108 ft (1,809 sq ft)
- Frontage
- 17 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $1/yr
- Listed
- 34 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 34 days on market, against an average age of 82 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 (Kensington-Chinatown) has been listed for 34 days, which is 48 days fresher than the city average of 82. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M5T)
This home lists at $169,000, about 2.7× the local median household income of $61,600.
Carrying it typically needs a household income of about $33,012 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $61,600
- Population
- 17,903
- Median age
- 36
- Owner / renter
- 32% / 68%
- Avg. household size
- 1.9
Source: Statistics Canada, 2021 Census (FSA M5T)
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 →
$169,000
Toronto