976 - 978 Albion Road, Toronto (Thistletown-Beaumonde Heights) - Business for Sale
976 - 978 Albion Road, Toronto (Thistletown-Beaumonde Heights), Ontario, M9V1A6
This business in Toronto is for sale offering roughly 2,150 sq ft of space. It has been on the market 53 days, fresher than the Toronto average of 86 days.
Description
Yes, This Is The Laundromat You Or Your Client Were Waiting For. This Business Is Well Established For Over 30 years. This Is Completely Unattended, Open 24 Hours. 6 Washers Electrolux W5250 62 1b 6 Years, 8 Electrolux W5180N 451b 6 years, 2 Maytag Softmount 40 lb 7 years, 4 Washcomat W630 30 lb, 1 Washcomat 125 301b, 9 Washcomat Double Load 251b. 30 Dryer Pockets 7 Electolux Stacked 50 lb 6 Years, 8 ADC Stacked 30 lb All Dryers Are Gas Operated. Owned Water Heater Installed 4 Years Ago. Strong Sales Of 234,000 For The Year, Low Lease Cost $7108/Month Inclusive For 2150 Square Feet, Tenure Of The Lease 3 Years and 3 Options To Extend for 5 Years Each. Some Part Of The Premises Is Sub-Leased For $ 2000 Per Month Income To A Stable Business Tenant. Impressive EBITDA Of $ 118,104 For The Year. Owner Is Selling As He Is Retiring. Adequate Training And Education Shall Be Provided For Buyer's Guaranteed Success In This Venture. Large Space In The Basement For Storage And Currently Not Used. (id:66096)
Property Details
- MLS®
- W13776200
- Property Type
- Business
- Business Type
- Special Purpose
- Zoning
- Commercial
- Bathrooms
- 1
- Interior Size
- 2,150 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 53 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 53 days on market, against an average age of 86 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 (Thistletown-Beaumonde Heights) has been listed for 53 days, which is 33 days fresher than the city average of 86. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M9V)
This home lists at $525,000, about 6.4× the local median household income of $82,000.
Carrying it typically needs a household income of about $102,551 (20% down, 25-yr amortization, stress-tested) — roughly 25% above the area median.
- Median household income
- $82,000
- Population
- 53,878
- Median age
- 37.2
- Owner / renter
- 54% / 46%
- Avg. household size
- 3.2
Source: Statistics Canada, 2021 Census (FSA M9V)
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$525,000
Toronto