haho.ca
$40,000
For sale

#Unit 9 86 Melford Drive, Toronto (Malvern) - Business for Sale

#Unit 9 86 Melford Drive, Toronto (Malvern), Ontario, M1B2X7

1 bath3 parking1,200 ft²Listed 156 days ago
Overview

This business in Toronto is for sale offering roughly 1,200 sq ft of space.

Description

Here is the revised listing with the mezzanine and **PAINT BOOTH POSSIBLE** added:**PRICE REDUCED - TURNKEY CABINET MANUFACTURING BUSINESS | $40,000 | RENT $3,200 INCLUDING TMI & HST**Rare opportunity to purchase a fully equipped custom cabinet and millwork business in Toronto for only **$40,000**. Monthly rent is only **$3,200, including TMI and HST**. **PAINT BOOTH POSSIBLE.** The business has been operating successfully for over **six years** and is ready for a new owner.The business specializes in custom kitchen cabinets, vanities, closets, wardrobes, wall units and millwork. All equipment required for the operation is included in the sale.The unit includes approximately **1,200 sq. ft.**, plus an additional **400 sq. ft. mezzanine**. The mezzanine is not included in the 1,200 sq. ft.The owner is willing to provide training, assist with the transition and introduce the buyer to suppliers and key industry contacts. Financing may also be available.The industrial unit permits woodworking and may accommodate spray painting or a paint booth, subject to required approvals. The space includes high ceilings, a drive-in shipping door, front and rear access, three dedicated parking spaces and overnight parking.Conveniently located near Highway 401 and Neilson Road.Ideal for cabinet makers, contractors, renovators, entrepreneurs or an existing cabinet company looking to expand.**Six years of successful operation. Equipment included. Rent only $3,200 including TMI and HST. Additional 400 sq. ft. mezzanine. Business price reduced to ***$40,000 for a quick sale.*** (id:66096)

Property Details

MLS®
E13225870
Property Type
Business
Business Type
Retail and Wholesale
Zoning
Industrial
Bathrooms
1
Parking
3
Interior Size
1,200 ft²
Frontage
17 ft
Heating
Forced air, Natural gas
Cooling
None
Property Tax
$8/yr
Listed
156 days ago

Features

Appliances
Range

Services

Water
Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market
156d
Toronto (Malvern) listings, avg age
61d
Price / ft²
$33
List price
$40K

Long Listed: 156 days on market, against an average age of 61 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.

Haho

This business in Toronto (Malvern) is available now. Want me to connect you with the agent or keep you posted on any price updates?

Listed by HOMELIFE SUPERSTARS REAL ESTATE LIMITED · SATHI SATHIYANATHAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1B)

This home lists at $40,000, about 0.4× the local median household income of $91,000.

Carrying it typically needs a household income of about $7,813 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income
$91,000
Population
65,555
Median age
39.6
Owner / renter
72% / 28%
Avg. household size
3.2

Source: Statistics Canada, 2021 Census (FSA M1B)

$40,000· $33/ft²
For sale

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Financing

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$40,000

Toronto

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