783 Queen Street West, Toronto (Niagara) - Business for Sale
783 Queen Street West, Toronto (Niagara), Ontario, M6J1G1
This business in Toronto is for sale offering roughly 4,400 sq ft of space. It has been on the market 42 days, fresher than the Toronto average of 48 days.
Description
POSITIONED IN THE CORE OF WEST QUEEN WEST, ONE OF TORONTO'S MOST IN-DEMAND AND TREND-DRIVEN NEIGHBOURHOODS * HISTORIC BUILDING DATING BACK TO 1889 * OFFERING APPROXIMATELY 3,550 SQUARE FEET ACROSS THREE LEVELS PLUS A FULLY FINISHED BASEMENT * MAIN FLOOR IS CURRENTLY BUILT OUT AS A FULLY LICENSED, MODERN RESTAURANT WITH STRONG STREET PRESENCE - SECOND FLOOR OPERATES AS A LICENSED, HIGH-TRAFFIC HAIR SALON WITH ADDITIONAL STORAGE SPACE AND A WALKOUT TO A ROOFTOP DECK.IMPRESSIVE 21.5 FOOT CEILINGS ON THE SECOND FLOOR CREATE A DRAMATIC AND OPEN ENVIRONMENT.THIRD FLOOR MEZZANINE OVERLOOKS BOTH THE SALON AND ROOFTOP, CURRENTLY USED FOR OFFICE AND CUSTOMER SERVICE FUNCTIONS.FULLY FINISHED BASEMENT INCLUDES SEPARATE MEN'S AND WOMEN'S WASHROOMS, STORAGE AREAS,UTILITY ROOM, WALK-IN COOLER, AND MECHANICAL SPACE * OFFERRED TO MARKET AT A 4.8% CAP RATE. ANNUAL NET NET INCOME - $180,000.00 (id:66096)
Property Details
- MLS®
- C13829590
- Property Type
- Business
- Zoning
- CR
- Interior Size
- 4,400 ft²
- Lot Size
- 17 × 98 ft (1,662 sq ft)
- Frontage
- 16 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $32,552/yr
- Listed
- 42 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 42 days on market, against an average age of 48 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 (Niagara) has been listed for 42 days, which is 6 days fresher than the city average of 48. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M6J)
This home lists at $3,750,000, about 41.7× the local median household income of $90,000.
Carrying it typically needs a household income of about $732,506 (20% down, 25-yr amortization, stress-tested) — roughly 714% above the area median.
- Median household income
- $90,000
- Population
- 32,111
- Median age
- 36.8
- Owner / renter
- 49% / 51%
- Avg. household size
- 2
Source: Statistics Canada, 2021 Census (FSA M6J)
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$3,750,000
Toronto