#1 5985 Steeles Avenue East, Toronto (Milliken) - Business for Sale
#1 5985 Steeles Avenue East, Toronto (Milliken), Ontario, M1V5P7
This business in Toronto is for sale. It has been on the market 65 days, fresher than the Toronto average of 110 days.
Description
Excellent opportunity to acquire an established, fully equipped medical aesthetics and wellness business in a high-traffic Toronto location near Steeles Avenue East and Markham Road, immediately south of the Markham border, offering strong visibility and convenient access.The premises comprise approximately 1,804 sq. ft. of professionally designed space and include a reception and waiting area, consultation room, facial room, body-contouring room, laser room, massage/treatment room, dedicated injection room, staff room and two washrooms.The business includes a substantial inventory of specialized aesthetic equipment, including EMSCULPT NEO, InMode TRITON, HydraFacial Syndeo and Venus Bliss MAX, together with additional treatment equipment, treatment beds and chairs, carts, stools, reception and office furniture, appliances, and other furniture, fixtures and equipment.The premises also benefit from extensive leasehold improvements, including built-in cabinetry, sinks and treatment infrastructure designed to support a broad range of aesthetic and wellness services.The business has an established client base with repeat clientele, prepaid treatment packages and further growth potential through memberships, cross-selling, expanded treatment utilization and additional service offerings.A purchaser may have the flexibility to continue operating under the existing franchise, subject to applicable franchisor approvals and agreements, or transition the business to an independent brand. Detailed financial information, equipment schedules, lease documentation and other confidential business information will be made available to qualified purchasers only upon execution of a Confidentiality Agreement and submission of a conditional offer acceptable to the Seller. (id:66096)
Property Details
- MLS®
- E13732946
- Property Type
- Business
- Business Type
- Personal Services
- Zoning
- SDC - Special District Commercial
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 65 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 65 days on market, against an average age of 110 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 (Milliken) has been listed for 65 days, which is 45 days fresher than the city average of 110. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M1V)
This home lists at $970,000, about 11.8× the local median household income of $82,000.
Carrying it typically needs a household income of about $189,475 (20% down, 25-yr amortization, stress-tested) — roughly 131% above the area median.
- Median household income
- $82,000
- Population
- 50,825
- Median age
- 45.6
- Owner / renter
- 81% / 19%
- Avg. household size
- 3.2
Source: Statistics Canada, 2021 Census (FSA M1V)
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$970,000
Toronto