#1 81 Church Street, Toronto (Church-Yonge Corridor) - Business for Sale
#1 81 Church Street, Toronto (Church-Yonge Corridor), Ontario, M5C2G2
This business in Toronto is for sale offering roughly 3,328 sq ft of space. It has been on the market 17 days, fresher than the Toronto average of 63 days.
Description
**Rare opportunity to acquire a well established and fully operational restaurant in a prime downtown Toronto location. Situated at 81 Church Street, steps from King subway station, the Financial District, St. Lawrence Market, major office towers, hotels and high density residential developments. **The impressive restaurant buildout features a spacious dining area with built in tabletop grills and exhaust systems, a commercial kitchen, bar, preparation and storage areas. **Excellent opportunity for an experienced operator or expanding hospitality group to continue the existing concept, subject to required approvals, or introduce a new concept in one of Toronto's busiest dining and business districts** (id:66096)
Property Details
- MLS®
- C14096290
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial/Retail
- Interior Size
- 3,328 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Garage
- Underground
- Property Tax
- $25.83/yr
- Listed
- 17 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 17 days on market, against an average age of 63 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 (Church-Yonge Corridor) has been listed for 17 days, which is 46 days fresher than the city average of 63. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M5C)
This home lists at $1,100,000, about 12.4× the local median household income of $89,000.
Carrying it typically needs a household income of about $214,869 (20% down, 25-yr amortization, stress-tested) — roughly 141% above the area median.
- Median household income
- $89,000
- Population
- 3,149
- Median age
- 36.4
- Owner / renter
- 47% / 53%
- Avg. household size
- 1.6
Source: Statistics Canada, 2021 Census (FSA M5C)
Book a showing
Pick a time that suits you. A verified local agent confirms within 24h.
Buying this business?
Acquisition financing works differently from a property mortgage. Tell our partner brokers at iShopRates what you are buying and they will come back with options.
Ask about acquisition financing →
$1,100,000
Toronto