#D113 69 Lebovic Avenue, Toronto (Clairlea-Birchmount) - Business for Sale
#D113 69 Lebovic Avenue, Toronto (Clairlea-Birchmount), Ontario, M1L0H2
This business in Toronto is for sale offering roughly 1,092 sq ft of space. It has been on the market 13 days, fresher than the Toronto average of 41 days.
Description
Excellent Opportunity To Acquire Cafe Tea Talks, Located At 69 Lebovic Avenue In Scarborough. Offering An Extensive Menu Of Authentic Malabar Cuisine, Including Traditional Biryani, Curries, Kerala Porotta, Grilled Specialties And Signature Teas. Situated In An Established Commercial Plaza With Convenient Customer Parking. The Business Offers Dine-In, Takeout And Online Delivery Options, Providing Multiple Revenue Channels. Excellent Potential To Expand Through Catering, Corporate Lunches, Family Meal Packages, Special Events And Extended Menu Offerings. Ideal Opportunity For An Owner-Operator, Experienced Restaurateur Or Entrepreneur Looking To Establish Or Expand Their Presence In Scarborough's Diverse Food Market. A Versatile Restaurant Concept With Opportunities For Further Growth And Expansion. Excellent Opportunity To Further Develop The Business By Introducing Corporate Catering, Office Lunch Programs, Party Trays, Family Meal Packages, Weekend Specials And Expanded Online Ordering. Potential To Add Breakfast Offerings, Specialty Beverages, Desserts And Additional International Cuisine To Reach A Broader Customer Base. Suitable For An Experienced Operator Seeking To Grow An Established Restaurant Concept Or Introduce A New Food Business, Subject To Landlord Approval And Applicable Permits. (id:66096)
Property Details
- MLS®
- E14107640
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Interior Size
- 1,092 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 13 days ago
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Active: 13 days on market, against an average age of 41 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 (Clairlea-Birchmount) has been listed for 13 days, which is 28 days fresher than the city average of 41. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M1L)
This home lists at $189,000, about 2.4× the local median household income of $78,000.
Carrying it typically needs a household income of about $36,918 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $78,000
- Population
- 35,833
- Median age
- 38.8
- Owner / renter
- 51% / 49%
- Avg. household size
- 2.8
Source: Statistics Canada, 2021 Census (FSA M1L)
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$189,000
Toronto