#B 4271 Sheppard Avenue East, Toronto (Agincourt South-Malvern West) - Business for Sale
#B 4271 Sheppard Avenue East, Toronto (Agincourt South-Malvern West), Ontario, M1S1T6
This business in Toronto is for sale offering roughly 2,715 sq ft of space. It has been on the market 15 days, fresher than the Toronto average of 75 days.
Description
A turnkey, fully built-out 65-seat licensed restaurant at Sheppard & Midland, on one of Scarborough's busiest commercial corridors. Recently and extensively renovated to a high standard, in mint condition, clean and operating: approximately 65 seats, LLBO licensed, and a commercial kitchen under roughly 30 feet of hood, capacity that supports almost any cuisine. The dining room is finished with warm contemporary Indian detailing, but the layout and infrastructure are cuisine-agnostic, so a new operator can rebrand and reconcept with minimal change to the build-out - the capital is already in the ground. Approximately 1.5 years remain on the current term plus a 5+5 -year renewal option, a long runway with no near-term uncertainty. The location does the marketing: the unit sits on Agincourt's principal retail spine with aBMO branch in the same plaza and a Scotiabank at the intersection, Agincourt GO Station on theStouffville line a short walk along the same street, and TTC's 85 Sheppard East, 985 SheppardEast Express and 904 Sheppard-Kennedy Express all serving this corridor with a stop atSheppard and Midland - surrounded by one of Toronto's densest and most diverse diningcatchments, the Agincourt secondary school cluster, and the approved Agincourt Mall masterplanned redevelopment bringing significant new residential density within minutes. Ample plaza parking. Lease documentation released to qualified buyers upon execution of a confidentiality agreement; please do not approach staff or attend without an appointment; showings through the listing agent only. (id:66096)
Property Details
- MLS®
- E14099776
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Interior Size
- 2,715 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 15 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 15 days on market, against an average age of 75 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 (Agincourt South-Malvern West) has been listed for 15 days, which is 60 days fresher than the city average of 75. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M1S)
This home lists at $275,000, about 3.4× the local median household income of $81,000.
Carrying it typically needs a household income of about $53,717 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $81,000
- Population
- 37,663
- Median age
- 44.4
- Owner / renter
- 75% / 25%
- Avg. household size
- 2.8
Source: Statistics Canada, 2021 Census (FSA M1S)
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$275,000
Toronto