#Main 422 College Street, Toronto (University) - Business for Sale
#Main 422 College Street, Toronto (University), Ontario, M5T1T3
This business in Toronto is for sale offering roughly 1,647 sq ft of space.
Description
An outstanding opportunity to acquire a fully equipped, turnkey restaurant in one ofToronto's most vibrant dining destinations.Prime Corner Location - College Street & Bathurst, Little ItalyAsset Sale Only: The Bollywood Tacos brand, recipes, trademarks, website, social media accounts, and intellectual property are not included.Property Features Approximately 980 sq. ft. High-visibility corner location Fully renovated interior Two washrooms Double air-conditioning systemLease Information Lease until May 2030 Current rent: $3,250/month + TMI Potential 5-year extension (subject to landlord approval) Lease assignment subject to landlord approvalCommercial Kitchen Equipment: 7' hood with fire suppression, walk-in cooler, two reach-in freezers, refrigerated prep table, Garland 6-burner range with oven, flat-top griddle, flame grill, deep fryers, 3-compartment sink, dishwasher, stainless prep tables, double-door display refrigerator, ice maker, soft-serve machine, double-head slushy machine, food pans, shelving, smallwares, cutlery, serving bowls, furniture, fixtures, and additional kitchen equipment.Licensing: Current City of Toronto licence: Eating and Drinking Establishment.Previously licensed to serve alcohol. (id:66096)
Property Details
- MLS®
- C13229580
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- CR3(c2;r2.5*1581)
- Bathrooms
- 2
- Interior Size
- 1,647 ft²
- Lot Size
- 14 × 98 ft (1,412 sq ft)
- Frontage
- 14 ft
- Heating
- Baseboard heaters
- Cooling
- None
- Property Tax
- $910/yr
- Listed
- 155 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 155 days on market, against an average age of 79 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.
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M5T)
This home lists at $163,000, about 2.6× the local median household income of $61,600.
Carrying it typically needs a household income of about $31,840 (20% down, 25-yr amortization, stress-tested) — within reach of 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)
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$163,000
Toronto