7A Musgrave Street, Toronto (East End-Danforth) - Business for Sale
7A Musgrave Street, Toronto (East End-Danforth), Ontario, M4E2H3
Description
Automotive Repair & Service Business for Sale - Prime Location. Excellent opportunity to own or expand your automotive business! This well-established automotive repair shop is now available for sale (business only - property not included). The facility features two spacious service bays with approximately 1,964 sq. ft. of repair space, offering ample room for vehicles, equipment, and storage. The shop comes equipped with two installed hoists, making it fully operational and ready for immediate business. In addition, there is an upstairs studio apartment with a washroom and kitchen. This space offers excellent income potential as a rental unit or can be conveniently used as living space for the owner or mechanic. This well-established shop operates as a one-stop automotive service center, offering a full range of services including: Automotive maintenance, General auto repair, Oil changes, Tire installation and services, Auto detailing, Body work, Insurance jobs & Warranty work, Mechanical repairs etc. The business is also known as the highest-rated automotive shop in the area, with excellent Google reviews and a strong reputation, providing a loyal customer base and consistent business. Key Details: Repair Garage Size: 1,964 sq. ft. 2 service bays, 2 installed hoists, Upstairs studio apartment (~700 sq. ft.) with kitchen & washroom, Business for sale only (no real estate), 5 yr Lease term available, Monthly rent: $4,520 (includes HST & TMI). A fantastic opportunity for mechanics, entrepreneurs, or investors looking to take over a fully operational, highly rated automotive service business in a prime location. (id:66096)
Property Details
- MLS®
- E12860440
- Property Type
- Business
- Business Type
- Automobile
- Zoning
- Commercial
- Bathrooms
- 2
- Parking
- 5
- Frontage
- 25 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $8,549/yr
- Listed
- 241 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 241 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 (East End-Danforth) 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 (M4E)
This home lists at $125,000, about 1.1× the local median household income of $112,000.
Carrying it typically needs a household income of about $24,417 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $112,000
- Population
- 25,473
- Median age
- 42.8
- Owner / renter
- 64% / 36%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA M4E)
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$125,000
Toronto