507 Queen Street West, Toronto (Waterfront Communities) - Business for Sale
507 Queen Street West, Toronto (Waterfront Communities), Ontario, M5V2B4
This business in Toronto is for sale. It has been on the market 54 days, fresher than the Toronto average of 57 days.
Description
Exceptional opportunity to acquire a well-established business in the heart of Queen Street West, one of Toronto's most vibrant and high-traffic retail corridors. Surrounded by strong residential density, popular restaurants, boutiques, and national retailers, this prime location offers excellent street exposure and consistent pedestrian traffic. Turn-key operation with existing leasehold improvements and a functional layout suitable for a variety of permitted uses. Ideal for owner-operators or investors looking to establish themselves in a highly sought-after downtown location. *Sale Of Business Without Property - Property Taxes included in monthly lease amount* (id:66096)
Property Details
- MLS®
- C13777592
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- retail
- Frontage
- 13 ft
- Heating
- Forced air
- Cooling
- Fully air conditioned
- Property Tax
- $22,607/yr
- Listed
- 54 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 54 days on market, against an average age of 57 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 (Waterfront Communities) has been listed for 54 days, which is 3 days fresher than the city average of 57. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M5V)
This home lists at $95,000, about 1.0× the local median household income of $91,000.
Carrying it typically needs a household income of about $18,557 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $91,000
- Population
- 59,912
- Median age
- 32
- Owner / renter
- 42% / 58%
- Avg. household size
- 1.6
Source: Statistics Canada, 2021 Census (FSA M5V)
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$95,000
Toronto