#G20 181 University Avenue, Toronto (Bay Street Corridor) - Business for Sale
#G20 181 University Avenue, Toronto (Bay Street Corridor), Ontario, M5H3M7
This business in Toronto is for sale offering roughly 391 sq ft of space.
Description
Excellent downtown Toronto location, directly across from Shangri-La Hotel and steps from the Hilton Hotel and Financial District, and the PATH system. Walk Score and Transit Score of 100. Long-established Platis Cleaners Dry Cleaning & Alterations with over 60 years of history and a strong reputation. High-traffic area with great growth potential. Approx. 80% dry cleaning , 20% alterations. Seller has operated the business for 12 years and is now preparing to retire. Independently operated business with no franchise agreement, no franchise fees, and no ongoing franchise obligations. A new lease may be available for a qualified buyer, subject to landlord approval. Very favourable occupancy costs compared to many other downtown Toronto locations. Great opportunity for an owner-operator, especially with alteration experience. (id:66096)
Property Details
- MLS®
- C13242454
- Property Type
- Business
- Business Type
- Service
- Zoning
- Commercial
- Interior Size
- 391 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $14,208/yr
- Listed
- 153 days ago
Features
- Appliances
- Microwave
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 153 days on market, against an average age of 60 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 (Bay Street Corridor) 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 (M5H)
This home lists at $100,000, about 1.1× the local median household income of $90,000.
Carrying it typically needs a household income of about $19,534 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $90,000
- Population
- 3,248
- Median age
- 31.4
- Owner / renter
- 36% / 64%
- Avg. household size
- 1.6
Source: Statistics Canada, 2021 Census (FSA M5H)
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$100,000
Toronto