#15B 1960 Lawrence Avenue, Toronto (Wexford-Maryvale) - Business for Sale
#15B 1960 Lawrence Avenue, Toronto (Wexford-Maryvale), Ontario, M1R2Z1
This business in Toronto is for sale. It has been on the market 29 days, fresher than the Toronto average of 46 days.
Description
Excellent opportunity to open your own restaurant in a newly renovated, restaurant-ready spaceat Saag Food Plaza on Lawrence Ave E. Very busy and desirable location with excellent potentialfor restaurant business. This is your opportunity to launch a new restaurant in a newlyrenovated space featuring a brand-new 12-ft commercial kitchen hood and exhaust system withductwork, 5-ton HVAC, kitchen sinks, handicap-accessible washroom, new lighting and flooring.Restaurant use is permitted, with major infrastructure already in place. Ideal for a first-timeoperator or an established restaurateur looking to open a second location. Buyer to install owncooking equipment, walk-in cooler, tables, chairs, and other restaurant equipment. (id:66096)
Property Details
- MLS®
- E13873910
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Restaurant
- Frontage
- 19 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $1,200/yr
- Listed
- 29 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 29 days on market, against an average age of 46 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 (Wexford-Maryvale) has been listed for 29 days, which is 17 days fresher than the city average of 46. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M1R)
This home lists at $90,000, about 1.1× the local median household income of $81,000.
Carrying it typically needs a household income of about $17,580 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $81,000
- Population
- 30,467
- Median age
- 41.2
- Owner / renter
- 56% / 44%
- Avg. household size
- 2.8
Source: Statistics Canada, 2021 Census (FSA M1R)
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$90,000
Toronto