#Main Floor 563 Bloor Street West, Toronto (University) - Business for Sale
#Main Floor 563 Bloor Street West, Toronto (University), Ontario, M5S1Y6
This business in Toronto is for sale offering roughly 2,300 sq ft of space.
Description
Well-Established Downtown Restaurant - Strong Revenue & Attractive Lease Rare Opportunity To Acquire A Long-Standing, Well-Known Neighbourhood Restaurant In The Heart Of Downtown. Operating Successfully For Over 30 Years, This Location Has Built A Strong Reputation For Brunch, Late Night Dining, And A Vibrant Evening Atmosphere. The Business Generates Over $2 Million In Annual Revenue And Benefits From A Long-Term, Attractive Lease, Providing Stability For An Incoming Owner. The Restaurant Features A Full Commercial Kitchen, Efficient Layout, And A Loyal Customer Base With Consistent Foot Traffic. Known For Its Global Comfort Food Menu, Extensive Martini Program, And Nightly Djs, The Restaurant Continues To Perform As A Destination Spot Within The Neighbourhood. Includes The Established Business Name, Or The Buyer May Elect To Rebrand, Subject To Landlord Approval. Washroom's Are Located In The Basement. Well Suited For Experienced Owner-Operators Or Hospitality Groups Seeking A Proven Downtown Location With Strong Sales, Long-Tern Lease Security, And Flexibility For Future Concept Positioning. (id:66096)
Property Details
- MLS®
- C12739116
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Interior Size
- 2,300 ft²
- Frontage
- 21 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $2,100/yr
- Listed
- 280 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 280 days on market, against an average age of 80 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 (University) 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 (M5S)
This home lists at $375,000, about 5.4× the local median household income of $70,000.
Carrying it typically needs a household income of about $73,251 (20% down, 25-yr amortization, stress-tested) — roughly 5% above the area median.
- Median household income
- $70,000
- Population
- 17,074
- Median age
- 33.2
- Owner / renter
- 36% / 64%
- Avg. household size
- 1.8
Source: Statistics Canada, 2021 Census (FSA M5S)
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$375,000
Toronto