8 Milvan Drive, Toronto (Humber Summit) - Business for Sale
8 Milvan Drive, Toronto (Humber Summit), Ontario, M9L1Z2
This business in Toronto is for sale offering roughly 9,000 sq ft of space. It has been on the market 60 days, fresher than the Toronto average of 99 days.
Description
Repair and Sales! Owner Operator selling their running business with all equipment and tools. Great location with high amounts of drive by traffic. 4 Bays, 3 Drive in doors 2-8'x8', 1-8'x10', 3 hoists, (9,000lbs), tire machine, 60 Gallon compressor, 1 Shipping Container, 1 tire machine, 1 tire balancer. Parking or display for 15 cars ++. Fully operational with mechanic shop sold with mechanics tools, welding machines, torches/cart/tanks, press, engine hoists, racking, jacks, security cameras and alarm system, battery charger, office furniture. Running OMVIC Dealership, automotive repair. Business is operating, do not go direct, do not speak with employees or customers. RENT: $6850/M; INSURANCE: $500/M; HYDRO/GAS: $400/M; PHONE/INTERNET: $100/M; GARBAGE PICK UP: $60/M. Leased until Feb 2030. (id:66096)
Property Details
- MLS®
- W13747424
- Property Type
- Business
- Business Type
- Automobile
- Zoning
- COMMERCIAL
- Interior Size
- 9,000 ft²
- Lot Size
- 9,000 sq ft (0.20 ac)
- Frontage
- 60 ft
- Building Area
- 9,000 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Partially air conditioned
- Listed
- 60 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 60 days on market, against an average age of 99 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 (Humber Summit) has been listed for 60 days, which is 39 days fresher than the city average of 99. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M9L)
This home lists at $219,000, about 2.7× the local median household income of $81,000.
Carrying it typically needs a household income of about $42,778 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $81,000
- Population
- 11,737
- Median age
- 41.6
- Owner / renter
- 75% / 25%
- Avg. household size
- 3.1
Source: Statistics Canada, 2021 Census (FSA M9L)
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$219,000
Toronto