56 Berkeley Street East, Toronto (Moss Park) - Business for Sale
56 Berkeley Street East, Toronto (Moss Park), Ontario, M5A1K4
This business in Toronto is for sale offering roughly 2,746 sq ft of space. It has been on the market 22 days, fresher than the Toronto average of 61 days.
Description
This unique and multifaceted venue is a money maker. Chef driven, this business is established, turn key and has promising upside for the right group to building on the already profitable venture. The clean and industrial feel to the space makes it the perfect space to host parties of all kinds. Known for private dining, receptions, onsite catering, corporate workshops and cooking classes there is an extensive client list and data base associated with this established brand. Strong finials and year over year growth. The Seller is willing to provide training to ensure a smooth transition to the next operator. Priced to sell - bake your initial investment back in year one. (id:66096)
Property Details
- MLS®
- C14015010
- Property Type
- Business
- Business Type
- Food Services and Beverage
- Zoning
- CR 4.0
- Bathrooms
- 3
- Interior Size
- 2,746 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 22 days ago
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 22 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 (Moss Park) has been listed for 22 days, which is 39 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 (M5A)
This home lists at $235,000, about 3.3× the local median household income of $71,000.
Carrying it typically needs a household income of about $45,904 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $71,000
- Population
- 48,978
- Median age
- 36.4
- Owner / renter
- 35% / 65%
- Avg. household size
- 1.8
Source: Statistics Canada, 2021 Census (FSA M5A)
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 →
$235,000
Toronto