Sale Of Business for sale at 464 Sherbourne Street, Toronto, Ontario, M4X 1K2 - Cabbagetown-South St. James Town - MLS: C13611406

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for lease
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464 Sherbourne Street

Toronto, Ontario, M4X 1K2 - Cabbagetown-South St. James Town

$225,000

Neighbourhood

Cabbagetown-South St. James Town
Major Intersection

Sherbourne St & Wellesley

Listed Since: 2 day(s)
Last update: today

Overview

Property Type

Sale Of Business, Without Property
Bedrooms

n/a
Bathrooms

2
Basement

Y
Kitchen

n/a
Total Parking

n/a
Lot Size

16x84.01 (Feet)
Taxes

n/a
Type

Commercial

Property Description

Property description for 464 Sherbourne Street, Toronto

RESTAURANT BUSINESS FOR SALE | PRIME DOWNTOWN TORONTO LOCATION | APPROX. 1,500 SQ. FT. MAIN FLOOR + 1,000 SQ. FT. BASEMENT | APPROX. 40-SEAT CAPACITY | MONTHLY RENT $5,537 INCLUDING HST & TMI | 5(2.5 Left) + 5 YEAR LEASE | EXCELLENT TRANSIT ACCESSExcellent opportunity to acquire a restaurant business in a highly connected and densely populated downtown Toronto neighbourhood. The premises feature approximately 1,500 sq. ft. on the main floor, plus approximately 1,000 sq. ft. of basement space, with seating for approximately 40 guests.Affordable monthly rent of approximately $5,537, including HST and TMI. Approximately 2.5 years of the current lease term have been completed, with a 5-year term plus a further 5-year renewal option. Buyer and buyer's agent to independently verify all lease terms, measurements and permitted uses.Located steps from street-level transit and approximately a 9-minute walk from Sherbourne Subway Station. Surrounded by high-density residential communities, schools, parks, community facilities, hospitals and everyday amenities, offering strong potential for dine-in, takeout and food-delivery operations.An excellent opportunity for an owner-operator or experienced restaurateur looking to establish or expand their business in a central Toronto location. Please do not go direct or speak with employees. All showings and inquiries must be arranged through the listing brokerage.

Listed by GET HOME REALTY INC.

Property details

MLS #

C13611406
Sq. Ft

1344
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

51-99
Pool

n/a
Drive

n/a
Garage

None
Total Parking

n/a
Family Room

n/a
Den

n/a
Exterior

n/a
Fireplace

n/a
Roof

n/a
Foundation

n/a
Elevator

None
Water View

n/a
Laundry Level

n/a
Heat

Gas Forced Air Closd
A/C

Y
Water

Municipal
Water Supply

n/a
Sewers

Sanitary
Central Vac

n/a

MLS #

C13611406
Sq. Ft

1344
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

51-99
Pool

n/a
Drive

n/a
Garage

None
Total Parking

n/a
Family Room

n/a
Den

n/a
Exterior

n/a
Fireplace

n/a
Roof

n/a
Foundation

n/a
Elevator

None
Water View

n/a
Laundry Level

n/a
Heat

Gas Forced Air Closd
A/C

Y
Water

Municipal
Water Supply

n/a
Sewers

Sanitary
Central Vac

n/a

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 464 Sherbourne Street, Toronto

This property has been sold 5 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

Local Real Estate Price Trends for Sale Of Business in Cabbagetown-South St. James Town

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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