#296 284-296 Markham Road, Toronto (Scarborough Village) - Business for Sale
#296 284-296 Markham Road, Toronto (Scarborough Village), Ontario, M1J3C5
This business in Toronto is for sale offering roughly 1,000 sq ft of space. It has been on the market 34 days, fresher than the Toronto average of 49 days.
Description
Excellent opportunity to own a well-established business at 296 Markham Rd. Located in a busy and vibrant area with strong foot and vehicle traffic, this versatile commercial space is ideal for restaurant, retail, service, or office use. Surrounded by established businesses and residential neighbourhoods, the property offers excellent visibility and signage potential. This is an amazing family-owned Indian restaurant with steady walk-in and repeat clientele. The space has been newly renovated, with over $200,000 spent on upgrades, including fresh flooring, new paint, upgraded electrical work, a new POS system with quartz countertop, and more. The fully equipped kitchen is a chef's dream, featuring a large commercial hood, walk-in cooler and freezer, sinks, ample storage, and quality chattels and fixtures. The restaurant also includes three warmers at the front, making it ideal for high-volume service. Close to major transit routes with attractive rent. A rare opportunity for the right buyer looking to step into a turnkey operation in a prime location. Opportunity knocks-don't miss out! (id:66096)
Property Details
- MLS®
- E13858710
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial Residential
- Interior Size
- 1,000 ft²
- Frontage
- 13 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 34 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 34 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 (Scarborough Village) has been listed for 34 days, which is 15 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 (M1J)
This home lists at $109,999, about 1.4× the local median household income of $76,500.
Carrying it typically needs a household income of about $21,487 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $76,500
- Population
- 37,002
- Median age
- 37.6
- Owner / renter
- 46% / 54%
- Avg. household size
- 2.9
Source: Statistics Canada, 2021 Census (FSA M1J)
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$109,999
Toronto