677A Markham Road, Toronto (Woburn) - Business for Sale
677A Markham Road, Toronto (Woburn), Ontario, M1H2A4
This business in Toronto is for sale offering roughly 2,000 sq ft of space.
Description
Well-established Profitable Turn-key Dry Cleaning Business With Over 50Years Of Brand Recognition And A Loyal Customer Base! Located At A Very Business Intersection. Over 400k In Total Revenue with High Profit Margins. Recently Upgraded With Newer Equipment And Expanded Services, Supporting Steady Income Growth And Operational Efficiency. Diverse Revenue Streams Include Depot Accounts, Restoration Companies(Including One Major Account), And A Strong Corporate Client List(Houses Of Worship, Restaurants, Healthcare, Uniforms, And Wash-And-Fold Services). Ideal For An Owner-operator, Partners, Or Family-run Business. Lots Of Potential To Increase Sales If Hours Added! All Machines & Equipments Owned. Lease 3+5 Years Remaining. Seller willing to stay back upto 12 months for training/transitioning, on a mutually agreed wage (id:66096)
Property Details
- MLS®
- E12938578
- Property Type
- Business
- Business Type
- Service
- Zoning
- Commercial
- Interior Size
- 2,000 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 218 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 218 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 (Woburn) 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 (M1H)
This home lists at $500,000, about 6.3× the local median household income of $80,000.
Carrying it typically needs a household income of about $97,668 (20% down, 25-yr amortization, stress-tested) — roughly 22% above the area median.
- Median household income
- $80,000
- Population
- 23,964
- Median age
- 38.4
- Owner / renter
- 62% / 38%
- Avg. household size
- 2.7
Source: Statistics Canada, 2021 Census (FSA M1H)
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$500,000
Toronto