#12 120 Queen Plate Drive, Toronto (West Humber-Clairville) - Business for Sale
#12 120 Queen Plate Drive, Toronto (West Humber-Clairville), Ontario, M9W0B4
This business in Toronto is for sale offering roughly 4,502 sq ft of space. It has been on the market 36 days, fresher than the Toronto average of 59 days.
Description
Exceptional opportunity to acquire a fully equipped, turn-key restaurant located in a highly desirable and high-traffic commercial plaza at 120 Queens Plate Dr, strategically positioned near Woodbine Casino and Hwy 27/Rexdale Blvd in the heart of Etobicoke/Brampton corridor. This well-established and popular Indian restaurant has built a strong reputation in the community,supported by a loyal customer base and consistent revenue stream, making it a proven money-maker.The spacious 4,502 sq. ft. facility is designed for high-volume food and beverage operationsand features a fully licensed LLBO bar, seating capacity for approximately 150 guests indoorsplus 65 patio seats, and an efficient layout ideal for smooth service flow. The kitchen is fully equipped with 20 ft commercial exhaust hoods, walk-in fridge, walk-in freezer, extensive prep areas, and a full-service commercial kitchen setup that can easily be adapted to any cuisine, subject to landlord approval. Located in a AAA tenant plaza with strong visibility and heavy traffic, the restaurant offers excellent growth potential. Current lease is $20,000/month (including TMI plus HST). The seller is willing to provide full training to ensure a seamless transition for the new operator.This is a rare, turnkey opportunity for an ambitious operator or investor to take over a thriving and well-established restaurant in a prime location with significant upside potential. (id:66096)
Property Details
- MLS®
- W13850262
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- CPP
- Bathrooms
- 4
- Interior Size
- 4,502 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $28,898/yr
- Listed
- 36 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 36 days on market, against an average age of 59 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 (West Humber-Clairville) has been listed for 36 days, which is 23 days fresher than the city average of 59. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M9W)
This home lists at $499,990, about 5.9× the local median household income of $85,000.
Carrying it typically needs a household income of about $97,666 (20% down, 25-yr amortization, stress-tested) — roughly 15% above the area median.
- Median household income
- $85,000
- Population
- 40,977
- Median age
- 38.8
- Owner / renter
- 58% / 42%
- Avg. household size
- 2.9
Source: Statistics Canada, 2021 Census (FSA M9W)
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$499,990
Toronto