#7 24 Wellesley Street West, Toronto (Bay Street Corridor) - Business for Sale
#7 24 Wellesley Street West, Toronto (Bay Street Corridor), Ontario, M4Y2X6
This business in Toronto is for sale offering roughly 740 sq ft of space.
Description
Excellent Location Close To U Of T! Well Established Bubble Tea Business For Sale In The Heart Of Downtown Toronto. Prime Wellesley St Exposure With A Rare Wide Storefront. Situated Between Yonge St & Bay St In A High-Traffic Area Surrounded By Office Buildings, High-Rise Condominiums, University Of Toronto, Major Hospitals, Subway Stations. Functional Layout Featuring A Fully Equipped Bubble Tea Bar, Kitchen Range Hood, And Complete Equipment Package. Attractive Lease Terms With Low Rent. Turnkey Opportunity For Owner-Operators Or Investors. Can Be Easily Converted To Other Beverage Concepts, Cafés, Dessert Shops, Fast Food, Take-Out Restaurants, Or Various Other Food Uses. Great Potential In A Vibrant And Growing Neighbourhood. (id:66096)
Property Details
- MLS®
- C13440390
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Bathrooms
- 1
- Parking
- 1
- Interior Size
- 740 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Garage
- Underground
- Property Tax
- $1/yr
- Listed
- 145 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 145 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 (Bay Street Corridor) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M4Y)
This home lists at $59,000, about 0.9× the local median household income of $62,400.
Carrying it typically needs a household income of about $11,525 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $62,400
- Population
- 36,319
- Median age
- 33.2
- Owner / renter
- 29% / 72%
- Avg. household size
- 1.5
Source: Statistics Canada, 2021 Census (FSA M4Y)
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$59,000
Toronto