#D 267 College Street, Toronto (Kensington-Chinatown) - Business for Sale
#D 267 College Street, Toronto (Kensington-Chinatown), Ontario, M5T1R6
This business in Toronto is for sale offering roughly 900 sq ft of space. It has been on the market 50 days, fresher than the Toronto average of 81 days.
Description
This established Pizza Nova presents an excellent opportunity to acquire a well-positioned food-service business in a highly active downtown Toronto location. The restaurant benefits from strong pedestrian and vehicle exposure in a vibrant commercial and residential area, surrounded by a dense mix of students, professionals, residents, and other businesses.The location is particularly well suited to a quick-service pizza concept, with takeout and delivery forming an important part of the business model. The store is also well established within the Pizza Nova brand and benefits from the company's broad menu, recognizable name, and established customer base.Online ordering platforms show strong customer engagement at this location, with more than 1,000 ratings on Uber Eats and positive customer feedback highlighting the pizza, hot food, friendly service, and convenience.With its established operation, recognizable franchise brand, strong surrounding demographics, and excellent downtown positioning, this is an attractive opportunity for an owner-operator or investor looking to acquire an established quick-service restaurant with potential for continued growth. (id:66096)
Property Details
- MLS®
- C13786232
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial- CR 3.0 (c2.0; r2.5) SS2 (x23
- Interior Size
- 900 ft²
- Frontage
- 21 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 50 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 50 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 50 days, which is 31 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 $490,000, about 8.0× the local median household income of $61,600.
Carrying it typically needs a household income of about $95,714 (20% down, 25-yr amortization, stress-tested) — roughly 55% above 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 →
$490,000
Toronto