#15 895 Lawrence Avenue East, Toronto (Banbury-Don Mills) - Business for Sale
#15 895 Lawrence Avenue East, Toronto (Banbury-Don Mills), Ontario, M3C3L2
This business in Toronto is for sale offering roughly 1,506 sq ft of space. It has been on the market 31 days, fresher than the Toronto average of 49 days.
Description
Your opportunity to have more than just a taste of the renowned bubble tea brand, your next business venture. Desirably located in the upscale and accessible neighborhood of North York at Don Mills and Lawrence. This fully equipped shop is a turnkey operation ready for you to takeover and continue to grow its successful operations. Bright and modern interior boasts high ceilings, great conversational seating, and a comfortably minimalistic atmosphere. **EXTRAS** All Chattels, Equipment & Fixtures (To Be Detailed). Franchisor Provides Strong Support, Structure & Training. Rent is $6368.02/monthly, inclusive of TMI and HST, with a lease until June 2033, with an option to renew for another 5 years. (id:66096)
Property Details
- MLS®
- C13861008
- Property Type
- Business
- Zoning
- Commerical/Retail
- Interior Size
- 1,506 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 31 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 31 days on market, against an average age of 49 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 (Banbury-Don Mills) has been listed for 31 days, which is 18 days fresher than the city average of 49. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M3C)
This home lists at $175,000, about 2.3× the local median household income of $74,500.
Carrying it typically needs a household income of about $34,184 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $74,500
- Population
- 39,616
- Median age
- 40.4
- Owner / renter
- 45% / 55%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA M3C)
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 →
$175,000
Toronto