740 King Street West, Toronto (Niagara) - Business for Sale
740 King Street West, Toronto (Niagara), Ontario, M5V1N3
This business in Toronto is for sale offering roughly 1,300 sq ft of space.
Description
Prime King West restaurant opportunity in the heart of Toronto, just steps from Bathurst on one of the city's busiest and most walkable dining and entertainment corridors. Surrounded by thriving restaurants, nightlife, retail, offices and boutique condo developments, this turnkey space offers excellent exposure and constant pedestrian activity. Fully equipped commercial kitchen with single-deck pizza oven, walk-in cooler and freezer, and 9-foot industrial hood. Stylish dining room features blonde wood tables, bench seating, wide-plank floors, custom tiled bar and whitewashed brick walls, while floor-to-ceiling windows open fully to the street in warmer months. European-style covered patio with string lighting adds a unique outdoor dining experience and is licensed for 10 with 30 seats inside. Full basement, 2 washrooms and 2 parking spaces. Attractive lease rate of approximately $8300 including TMI, Lease expires March 2027 with a 5 year renewal option. No restrictions on concept or cuisine, offering an exceptional opportunity for a new operator to take advantage of one of Toronto's most established and sought-after restaurant locations. Please do not go direct or speak to staff. (id:66096)
Property Details
- MLS®
- C13656172
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Business Commercial
- Bathrooms
- 2
- Parking
- 2
- Interior Size
- 1,300 ft²
- Lot Size
- 20 × 92 ft (1,846 sq ft)
- Frontage
- 20 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 87 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 87 days on market, against an average age of 49 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.
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M5V)
This home lists at $175,000, about 1.9× the local median household income of $91,000.
Carrying it typically needs a household income of about $34,184 (20% down, 25-yr amortization, stress-tested) — within reach of 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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$175,000
Toronto