#8 228 Queens Quay West, Toronto (Waterfront Communities) - Business for Sale
#8 228 Queens Quay West, Toronto (Waterfront Communities), Ontario, M5J2X1
This business in Toronto is for sale offering roughly 1,200 sq ft of space.
Description
BE YOUR OWN BOSS - RARE WATERFRONT RETAIL OPPORTUNITY ON QUEENS QUAY, IDEALLY POSITIONED IN ONE OF TORONTO'S MOST VIBRANT AND HIGH-TRAFFIC WATERFRONT COMMUNITIES, WITH ANTICIPATED INCREASED TOURISM DRIVEN BY UPCOMING FIFA WORLD CUP EXPECTED TO DRAW OVER 300,000 VISITORS TO THE CITY. CURRENTLY OPERATING AS BACCO MARKET, A PREMIUM EUROPEAN-STYLE BOTTEGA AND SPECIALTY FOOD MARKET, THIS IS AN EXCELLENT OPPORTUNITY FOR AN ENTREPRENEUR TO TAKE OVER A WELL-ESTABLISHED, RECOGNIZED, AND TURN-KEY STOREFRONT IN AN UNBEATABLE LOCATION. THE PREMISES OFFER APPROXIMATELY 1,200 SQ. FT. OF EFFICIENTLY LAID-OUT SPACE, FEATURING A CURATED IN-STORE RETAIL PROGRAM, HIGH-END FIXTURES AND LEASEHOLD IMPROVEMENTS, AND A FULLY INTEGRATED ONLINE ORDERING PLATFORM SUPPORTING BOTH IN-STORE AND DELIVERY SALES.THE BUSINESS BENEFITS FROM STRONG BRAND PRESENCE, AN ESTABLISHED CUSTOMER BASE, AND MULTIPLE REVENUE STREAMS INCLUDING GROCERY, PREPARED FOODS, AND SPECIALTY IMPORTS. EXISTING LICENSING INCLUDES LOTTERY, TOBACCO, ALCOHOL, AND FOOD PREPARATION. SURROUNDED BY MAJOR ANCHORS AND DESTINATIONS SUCH AS LOBLAWS, STARBUCKS, SHOPPERS DRUG MART, BILLY BISHOP AIRPORT, THE TORONTO MUSIC GARDEN AND THE WATERFRONT TRAIL, THE LOCATION BENEFITS FROM EXCEPTIONAL FOOT TRAFFIC, A DENSE RESIDENTIAL COMMUNITY, AND CONSISTENT YEAR-ROUND TOURISM . AN IDEAL OPPORTUNITY FOR AN OWNER-OPERATOR OR BRAND LOOKING TO EXPAND INTO A HIGH-EXPOSURE WATERFRONT LOCATION WITH EXISTING INFRASTRUCTURE AND IMMEDIATE OPERATING CAPABILITY. (id:66096)
Property Details
- MLS®
- C13058540
- Property Type
- Business
- Business Type
- Retail and Wholesale
- Zoning
- COMMERCIAL
- Interior Size
- 1,200 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $21/yr
- Listed
- 189 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 189 days on market, against an average age of 57 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 (Waterfront Communities) 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 (M5J)
This home lists at $178,888, about 1.9× the local median household income of $94,000.
Carrying it typically needs a household income of about $34,943 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $94,000
- Population
- 16,879
- Median age
- 33.6
- Owner / renter
- 43% / 57%
- Avg. household size
- 1.7
Source: Statistics Canada, 2021 Census (FSA M5J)
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$178,888
Toronto