#M211 777 Bay Street, Toronto (Bay Street Corridor) - Business for Sale
#M211 777 Bay Street, Toronto (Bay Street Corridor), Ontario, M5G2C8
This business in Toronto is for sale offering roughly 608 sq ft of space. It has been on the market 32 days, fresher than the Toronto average of 59 days.
Description
Excellent Opportunity To Own An INS Market In A Busy Commercial Tower With Direct Subway Access And Strong Foot Traffic. Monthly Sales Approx. $20,000 (Excluding Lottery), Plus OLG Commission Approx. $6,000/Month, Western Union Approx. $750/Month And Printing Services Minimum $1,400/Month. Strong Profit Margins: Cigarettes 25-35% And Retail 50-65%. Affordable Rent Of $5,568/Month Including TMI & Utilities. Low Working Hours - Approx. 75 Hrs/Week. Royalties Approx. $1,500/Month. Turnkey Business With Excellent Growth Potential Under INS Market's New Management. (id:66096)
Property Details
- MLS®
- C13862502
- Property Type
- Business
- Business Type
- Retail and Wholesale
- Zoning
- Comm/Retail
- Interior Size
- 608 ft²
- Building Area
- 608 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $2,292/yr
- Listed
- 32 days ago
Features
- Lot Features
- Elevator
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 32 days on market, against an average age of 59 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) has been listed for 32 days, which is 27 days fresher than the city average of 59. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M5G)
This home lists at $80,000, about 1.2× the local median household income of $67,500.
Carrying it typically needs a household income of about $15,627 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $67,500
- Population
- 9,751
- Median age
- 30.8
- Owner / renter
- 30% / 70%
- Avg. household size
- 1.7
Source: Statistics Canada, 2021 Census (FSA M5G)
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$80,000
Toronto