637 Bloor Street West, Toronto (Palmerston-Little Italy) - Business for Sale
637 Bloor Street West, Toronto (Palmerston-Little Italy), Ontario, M6G1K8
This business in Toronto is for sale offering roughly 1,411 sq ft of space.
Description
Turnkey NUTTEA plant-based beverage cafe in a prime Bloor Street location in Toronto's Koreatown. Specializing in nut milk and tea-based drinks, the business may retain the existing brand or be reimagined as a cafe, bubble tea or specialty beverage concept. Approx. 1,411 SF, including 670 SF at street level and 741 SF basement. Professionally designed, fully equipped and ready to operate, with all equipment owned and no leases. New HVAC in 2023 and electrical upgrade in 2025. Established online presence with a 4.8-star Google rating and approx. 500 reviews. Rent is approx. $5,800/month, including Net Rent and TMI. Lease runs to May 31, 2028, plus a 5-year renewal option. Sale includes all furniture, fixtures, equipment, inventory, trade name and digital business assets. Ideal for continued operation or rebranding. (id:66096)
Property Details
- MLS®
- C13652902
- Property Type
- Business
- Zoning
- Commercial
- Interior Size
- 1,411 ft²
- Heating
- Forced air
- Cooling
- Fully air conditioned
- Listed
- 88 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 88 days on market, against an average age of 55 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 (Palmerston-Little Italy) 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 (M6G)
This home lists at $156,000, about 1.7× the local median household income of $91,000.
Carrying it typically needs a household income of about $30,472 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $91,000
- Population
- 30,600
- Median age
- 39.6
- Owner / renter
- 49% / 51%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA M6G)
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 →
$156,000
Toronto