96 East, Toronto - Business for Sale
96 East, Toronto, Ontario, M5B1G7
Description
This business sale makes sense — an exceptional opportunity to own a well-established Fat Bastard Burrito franchise in one of downtown Toronto's busiest corridors, steps from Toronto Metropolitan University, Yonge-Dundas Square, the Eaton Centre, and St. Michael's Hospital, with strong, consistent foot traffic from students, residents, and commuters year-round. Monthly sales average approximately $47.5K, and the 1,200 sq. ft. space carries one of the lowest rents in the downtown core at just $5,500/month, including TMI, with utilities averaging approximately $305/month. Royalty is 8% and marketing fee is 2%. The lease is with a student housing cooperative and runs until 2032, with two additional 5-year renewal options — a particularly attractive, long-term security rarely found in this market. (id:66096)
Property Details
- MLS®
- 40852588
- Property Type
- Business
- Basement
- None
- Listed
- 96 days ago
Market Timing
Long Listed: 96 days on market, against an average age of 57 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.
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M5B)
This home lists at $299,000, about 5.2× the local median household income of $58,000.
Carrying it typically needs a household income of about $58,405 (20% down, 25-yr amortization, stress-tested) — roughly 1% above the area median.
- Median household income
- $58,000
- Population
- 17,422
- Median age
- 31.4
- Owner / renter
- 28% / 72%
- Avg. household size
- 1.6
Source: Statistics Canada, 2021 Census (FSA M5B)
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$299,000
Toronto