#2 205 College Street, Toronto (Kensington-Chinatown) - Business for Sale
#2 205 College Street, Toronto (Kensington-Chinatown), Ontario, M5T1P9
This business in Toronto is for sale offering roughly 490 sq ft of space. It has been on the market 43 days, fresher than the Toronto average of 81 days.
Description
NS Market Franchise Business for Sale - Prime High-Traffic Location Prime location at College St & Beverley St, directly across from the University of Toronto Over 60,000 students nearby, next to Braemar College and Dalla Lana School, Only 400 metres from Queen's Park Subway Station Weekly sales: approx.$12,000 (as per seller) Only 25% cigarette sales;75% from high-margin products such as beverages and snacks 65%+ margin on high-profit products(as per seller) Lotto commission: approx. $600/month Rent & TMI: $5,318/monthLease until November 2031 + 5 options Hours: Mon-Fri 7 AM-10 PM; Sat-Sun 11 AM-7 PM One-person operation No direct competitor nearby Low flat franchise royalty and advertising fees Very strong location with high traffic and a high-margin product mix. (id:66096)
Property Details
- MLS®
- C13825462
- Property Type
- Business
- Business Type
- Retail and Wholesale
- Zoning
- Commercial
- Interior Size
- 490 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 43 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 43 days on market, against an average age of 81 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 (Kensington-Chinatown) has been listed for 43 days, which is 38 days fresher than the city average of 81. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M5T)
This home lists at $119,000, about 1.9× the local median household income of $61,600.
Carrying it typically needs a household income of about $23,245 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $61,600
- Population
- 17,903
- Median age
- 36
- Owner / renter
- 32% / 68%
- Avg. household size
- 1.9
Source: Statistics Canada, 2021 Census (FSA M5T)
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 →
$119,000
Toronto