#Upper 261 Spadina Avenue, Toronto (Kensington-Chinatown) - Business for Sale
#Upper 261 Spadina Avenue, Toronto (Kensington-Chinatown), Ontario, M5T2E3
This business in Toronto is for sale offering roughly 2,700 sq ft of space. It has been on the market 55 days, fresher than the Toronto average of 81 days.
Description
LOCATION! LOCATION! LOCATION! Prime Commercial Location Near The Corner Of Spadina Ave & Dundas St W In The Heart Of Chinatown, One Of Toronto's Most Popular Tourist And Dining Areas. Excellent Exposure With Heavy Pedestrian And Vehicular Traffic. Brand New Renovation, High Ceilings, An Open-Concept Layout, And A Dedicated VIP Room. Fully Equipped Commercial Kitchen With Walk-In Cooler & Freezer And All Essential Restaurant Equipment In Place. Licensed For 118 Seats Under LLBO, Offering Excellent Potential For A Variety Of Restaurant, Bar, Or Food Concepts. Wide Sidewalk At The Front And An Easy Loading Area At The Rear Accessible Via A Common Laneway. Surrounded By A Busy Mix Of Restaurants, Retailers, And Dining Establishments. Turnkey Opportunity In A Highly Sought-After Chinatown Location! (id:66096)
Property Details
- MLS®
- C13769560
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Interior Size
- 2,700 ft²
- Building Area
- 2,700 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $1/yr
- Listed
- 55 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 55 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 (Kensington-Chinatown) has been listed for 55 days, which is 26 days fresher than the city average of 81. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M5T)
This home lists at $99,000, about 1.6× the local median household income of $61,600.
Carrying it typically needs a household income of about $19,338 (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)
Book a showing
Pick a time that suits you. A verified local agent confirms within 24h.
Buying this business?
Acquisition financing works differently from a property mortgage. Tell our partner brokers at iShopRates what you are buying and they will come back with options.
Ask about acquisition financing →
$99,000
Toronto