924 Eglinton Avenue West, Toronto (Forest Hill North) - Business for Sale
924 Eglinton Avenue West, Toronto (Forest Hill North), Ontario, M6C2C2
This business in Toronto is for sale offering roughly 1,000 sq ft of space.
Description
An excellent opportunity to acquire a well-established Dry cleaning "depot" and Alterations business proudly serving the Forest Hill community and surrounding areas for over 24 years. The owner is retiring and is offering this established operation for an urgent & quick sale. With a loyal customer base, an established presence in the community, and significant room for growth, this is an attractive opportunity for an owner-operator or an established dry-cleaning company looking to expand. Annual Sales: Approximately $173,000, Seller-Reported Net Income: Approximately $81,300. Monthly Rent: $3,650 + HST. Current Lease: Expires December 2027, Renewal: 5-year option to follow. Hours:Monday-Friday: 9:00 AM-6:30 PM, Saturday: 9:30 AM-4:30 PM and Sunday: Closed. Significant Growth Potential, The business currently has substantial untapped potential for pickup and delivery services, Expanding into residential and commercial pickup and delivery could provide an excellent opportunity to increase sales and strengthen customer convenience. This is an ideal opportunity for an owner-operator seeking an established business with an existing customer base, or for an established dry-cleaning company looking to expand its footprint and customer reach in the Forest Hill area. (id:66096)
Property Details
- MLS®
- C13740616
- Property Type
- Business
- Business Type
- Service
- Zoning
- Commercial
- Interior Size
- 1,000 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Partially air conditioned
- Listed
- 62 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 62 days on market, against an average age of 34 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 (Forest Hill North) 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 (M6C)
This home lists at $75,000, about 0.8× the local median household income of $91,000.
Carrying it typically needs a household income of about $14,650 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $91,000
- Population
- 23,997
- Median age
- 40.4
- Owner / renter
- 50% / 50%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA M6C)
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$75,000
Toronto