#Unit#1 2372 Eglinton Avenue, Toronto (Ionview) - Business for Sale
#Unit#1 2372 Eglinton Avenue, Toronto (Ionview), Ontario, M1K2P3
Description
Excellent opportunity to own a well-established and profitable 241 Pizza business in the heart of Scarborough, ideally located at the busy intersection of Eglinton Avenue East and Kennedy Road.Surrounded by a vibrant residential neighborhood, close to schools, parks, the Toronto Public Library, and Kennedy GO Station, with the new LRT station right at the doorstep, this location offers outstanding visibility and steady foot traffic.The store features very low rent and a long lease, providing excellent stability for the new owner. Recently renovated with the latest franchisor design, over $100,000 has been invested in upgrades, giving the store a modern and attractive look.This business offers great growth potential by expanding catering services and extending operating hours. It is easy to manage, with full training and ongoing support provided by the franchisor, along with low flat fees for royalties and advertising. With low food costs and high profit margins, it is an ideal opportunity for a family-run operation, owner-operator, or investor seeking a stable and rewarding business in a high-demand area. (id:66096)
Property Details
- MLS®
- E12516466
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- CR0.33 (c0.33:10*533)
- Bathrooms
- 1
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $1/yr
- Listed
- 363 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 363 days on market, against an average age of 81 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 (Ionview) 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 (M1K)
This home lists at $149,900, about 2.1× the local median household income of $72,500.
Carrying it typically needs a household income of about $29,281 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $72,500
- Population
- 48,175
- Median age
- 40.4
- Owner / renter
- 50% / 50%
- Avg. household size
- 2.7
Source: Statistics Canada, 2021 Census (FSA M1K)
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$149,900
Toronto