Description

Excellent opportunity to own a bubble tea business in a busy North York plaza! Located at Don Mills Road & Steeles Ave E. Approx. 729 sq. ft. with VERY LOW RENT of only $2,430/month + HST (including estimated TMI)! Surrounded by residential neighborhoods, schools, restaurants, retail shops and other amenities. Great exposure, convenient parking and easy access to public transit. Lease until May 2029 with a 5-year renewal option. Perfect opportunity for entrepreneurs looking to start or expand their business (id:66096)

Market Timing

Days on market

13d

Toronto (Hillcrest Village) listings, avg age

60d

Price / ft²

$82

List price

$60K

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 retail in Toronto (Hillcrest Village) has been listed for 13 days, which is 47 days fresher than the city average of 60. Act while there is still low competition.

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Area context

Neighbourhood profile (M2H)

This home lists at $60,000, about 0.7× the local median household income of $91,000.

Carrying it typically needs a household income of about $11,720 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $91,000
Population: 23,396
Median age: 48
Owner / renter: 75% / 25%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M2H)

$60,000· $82/ft²

For sale

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Financing

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3905 Don Mills Road, Toronto (Hillcrest Village) - Retail for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M2H)

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