544 Queen Street West, Toronto (Kensington-Chinatown) - Business for Sale
544 Queen Street West, Toronto (Kensington-Chinatown), Ontario, M5V2B5
This business in Toronto is for sale offering roughly 1,942 sq ft of space. It has been on the market 14 days, fresher than the Toronto average of 81 days.
Description
***Lots of potential for growth in this well-established, profitable, environmentally friendly dry-cleaning business at 544 Queen Street West*** with high current sales serving hotel accounts, dry cleaners, convention centres, and walk-in customers. Increased sales Y-O-Y (2025 to 2026). All equipment fully owned-none leased, none rented. Full depot customer-facing storefront on busy Queen Street with complete plant on-site garment-care production, shirt-finishing and pressing equipment, boilers, commercial washers, and dryers to serve commercial B2B clients, which include dry cleaners, hotels, and convention centres. An amazing opportunity for an owner-operator or an existing garment-care business seeking an additional location. Seller will train buyer on how to operate and grow this successful business. (id:66096)
Property Details
- MLS®
- C14100046
- Property Type
- Business
- Business Type
- Service
- Zoning
- Retail
- Bathrooms
- 1
- Interior Size
- 1,942 ft²
- Heating
- Forced air, Natural gas
- Cooling
- None
- Listed
- 14 days ago
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Active: 14 days on market, against an average age of 81 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 14 days, which is 67 days fresher than the city average of 81. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M5V)
This home lists at $590,000, about 6.5× the local median household income of $91,000.
Carrying it typically needs a household income of about $115,248 (20% down, 25-yr amortization, stress-tested) — roughly 27% above 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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$590,000
Toronto