Added 2 months ago
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Type: Sale Of Business
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Property Type: Commercial
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Business Type: Restaurant
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Zoning: Business Commerc
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Age: No Data
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MLS®#: W8476310
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Days on Site: 72 Days
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Added: Jun 25, 2024 (2 months ago)
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Updated:
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Last Checked: 35 minutes ago
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Listed By: ROYAL LEPAGE SIGNATURE REALTY
Sandwich counter, coffee shop and gourmet grocer, this space is a completely new build. Purchased in 2020, the former laundromat was fully gutted and renovated from the ground up. New electric and plumbing, new flooring; all told, the building has undergone a $500k renovation, with $150k worth of new equipment installed.2 large condos have just opened nearby and the business has seen sales double compared to this time last year. There are 2 parking spots and the entrance has been graded for wheelchair clearance.The licensed space has 12 seats and sells most alcohol to go. With zero competition in the area, no Wine Rack or LCBO nearby, this is an extremely profitable revenue stream.
Extras
1,674 square feet, full high and dry basement with office and plenty of prep space. A cavity for hood has been built. Over $600k in sales last year. No restrictions, ready for any concept.
Property
Status: Sale
Type: Restaurant
Property Type: Sale Of Business
Property Type: With Property
Area: Toronto
Community: Weston-Pellam Park
Availability Date: TBD
Inside
Bathrooms: 1
Air Conditioning: Y
Washrooms: 1
Utilities
Utilities: Available
Building
Basement: Y
Heat Type: Gas Forced Air Closd
Elevator: None
Freestanding: N
Outside Storage: N
Water Supply: Municipal
Physically Handicapped-Equipped: Y
Volts: 200
Amps: 600
Parking
Garage Type: Outside/Surface
Covered Parking Spaces: 2
Fees
Tax Year: 2023
Tax Legal Description: PT LT 338 PL 1626 WEST TORONTO JUNCTION AS WH14622
Taxes Type: T.M.I.
Land
Cross Street: St.Clair Ave W & Bla
Municipality District: Toronto W03
Sewer: San+Storm
Lot Depth: 103.14 Feet
Lot Frontage: 21.67 Feet
Zoning: Business Commerc
Commercial Specific
Number of Employees: 5
Rail: N
Retail Area: 1674
Retail Area Metric: Sq Ft
Total Area: 1674
Total Area Metric: Sq Ft
Hours Open: 8-6
Days Open: 7
Franchise: N
Tangible Property Included: Y
Crane: N
Lot Code: Lot
Survey: N
Seats: 12
Soil Test: N
Business/Building Name: La Spesa Food Market & Specialties
Financial Statement: N
LLBO: N
St Rita Catholic School
Elementary: CatholicGeneral Mercer Junior Public School
Elementary: PublicÉcole élémentaire Charles-Sauriol
Elementary: PublicCarleton Village Junior and Senior Public School
Elementary: PublicBlessed Pope Paul VI Catholic School
Elementary: CatholicSt Nicholas of Bari Catholic School
Elementary: CatholicOakwood Collegiate Institute
Secondary: PublicGeorge Harvey Collegiate Institute
Secondary: PublicBlessed Archbishop Romero Catholic Secondary School
Secondary: CatholicBishop Marrocco/Thomas Merton Catholic Secondary School
Secondary: CatholicYork Memorial Collegiate Institute
Secondary: PublicHumberside Collegiate Institute
Secondary: Public
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