4383 Kingston Road, Toronto (West Hill) - Business for Sale
4383 Kingston Road, Toronto (West Hill), Ontario, M1E2N2
This business in Toronto is for sale offering roughly 2,000 sq ft of space. It has been on the market 16 days, fresher than the Toronto average of 61 days.
Description
An exceptional opportunity to acquire an established pizza restaurant in a highly visible corner location in Scarborough! Offering approximately 2,000 sq. ft. of space with seating for 20 guests, this well-positioned business benefits from excellent street exposure near the busy intersection of Lawrence Avenue East and Kingston Road. Surrounded by established residential communities, high-rise apartments, schools, and commercial businesses, the location offers access to a diverse customer base and steady area activity. The restaurant features an existing operating setup and reported strong sales, providing an attractive opportunity for an owner-operator or experienced restaurateur. Excellent potential to further develop the business, expand menu offerings, or introduce a new restaurant concept, subject to necessary approvals. An established lease with a 5-year renewal option adds long-term flexibility. A rare opportunity to secure a prominent restaurant location in one of Scarborough's established commercial corridors! (id:66096)
Property Details
- MLS®
- E14095452
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Bathrooms
- 2
- Interior Size
- 2,000 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 16 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 16 days on market, against an average age of 61 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 (West Hill) has been listed for 16 days, which is 45 days fresher than the city average of 61. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M1E)
This home lists at $249,900, about 3.0× the local median household income of $82,000.
Carrying it typically needs a household income of about $48,814 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $82,000
- Population
- 48,033
- Median age
- 41.2
- Owner / renter
- 63% / 37%
- Avg. household size
- 2.8
Source: Statistics Canada, 2021 Census (FSA M1E)
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 →
$249,900
Toronto