6166 Yonge Street, Toronto (Newtonbrook West) - Business for Sale
6166 Yonge Street, Toronto (Newtonbrook West), Ontario, M2M3X1
This business in Toronto is for sale offering roughly 905 sq ft of space.
Description
Exceptional opportunity to acquire a well-established and highly profitable massage therapy clinic and health & beauty spa in a prime, high-traffic location at Yonge & Steeles. This turnkey business features 5 fully equipped treatment rooms with premium, high-end equipment, including laser technology for vein treatments, CO2 laser, EMS system for non-invasive facelifts, and hydra therapy systems. The business benefits from a strong and loyal client base, generating consistent revenue and very high profit margins with solid net income. One treatment room is currently subleased for hair therapy, providing additional passive income of $2,000/month. Lease terms are highly favorable with 3.5 years remaining plus a 10-year renewal option. Gross rent is $6,500/month, inclusive of TMI and HST. The current owner and experienced staff are willing to remain, ensuring a smooth transition and continued success for the new owner. Ideal for investors or owner-operators seeking a profitable, turnkey operation in the growing health and wellness sector. Don't miss this rare opportunity to step into a thriving, fully operational business with strong cash flow and expansion potential. (id:66096)
Property Details
- MLS®
- C13061230
- Property Type
- Business
- Zoning
- Commercial
- Interior Size
- 905 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 189 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 189 days on market, against an average age of 58 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 (Newtonbrook West) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M2M)
This home lists at $349,000, about 4.3× the local median household income of $81,000.
Carrying it typically needs a household income of about $68,172 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $81,000
- Population
- 31,915
- Median age
- 44.4
- Owner / renter
- 58% / 43%
- Avg. household size
- 2.5
Source: Statistics Canada, 2021 Census (FSA M2M)
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$349,000
Toronto