#F 2977 Lake Shore Boulevard West, Toronto (New Toronto) - Business for Sale
#F 2977 Lake Shore Boulevard West, Toronto (New Toronto), Ontario, M8V1J8
Description
Well-established and highly successful Middle Eastern restaurant operating since 1999. This long-standing business is a trusted staple in the Lake Shore community, proudly serving a loyal customer base and enjoying a strong local reputation. The owner is retiring and offering an excellent opportunity for an entrepreneur or operator to take over a proven and profitable business with continued growth potential. Training is available for the new owner to ensure a smooth transition. Features include a full basement, exterior patio for employees, and 1 rear parking space. Attractive lease terms with 3.5 years remaining plus a 5-year renewal option, along with low rent for the area. Please do not go direct. (id:66096)
Property Details
- MLS®
- W13151432
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial Retail
- Parking
- 1
- Frontage
- 17 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 169 days ago
Features
- Appliances
- Oven, Freezer
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 169 days on market, against an average age of 78 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 (New Toronto) 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 (M8V)
This home lists at $175,000, about 2.2× the local median household income of $79,000.
Carrying it typically needs a household income of about $34,184 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $79,000
- Population
- 44,144
- Median age
- 40
- Owner / renter
- 49% / 51%
- Avg. household size
- 1.9
Source: Statistics Canada, 2021 Census (FSA M8V)
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$175,000
Toronto