8 &10-3833 Midland Avenue, Toronto | Image 1

8 &10-3833 Midland Avenue

Toronto, Milliken

  • Commercial

$170,000
For Sale

Added 1 month ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: Commercial

  • Age: No Data

  • Taxes: 5000

  • MLS®#: E8175954

  • Days on Site: 3 Days

  • Added: Mar 23, 2024 (1 month ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: VISAR REALTY INC.

Great Location, In The Heart Of Scarborough - Evergold Centre With Busy Traffic. The Restaurant Has Been Operating Profitably For More Than 18 Years. Ideal For New Buyer To Operate The Same Cuisine And Can Also Be Converted To Any Other Cuisines. All Chattels And Equipment Are Included. Unit 8 (383sf); Unit 10 - 2,412sf- Ground Fl with 130 Seating & 2,184sf Basement with 40 Seating. The Basement Is Legally Zoned For Restaurant Use.

Extras

New Buyer Will Sign New Lease With The Landlord At 1st Year Monthly Net Rent Of $10,000/mon and 3% increment in subsequent years For 10 Year Term. Current TMI- $5,000/month To Be Reviewed On Annual Basis.

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Net Income: 180000

  • Area: Toronto

  • Community: Milliken

  • Availability Date: TBA

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Open

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: Plaza

Fees

  • Tax Year: 2024

  • Taxes: $5,000

  • Expenses: Est

  • Taxes Type: T.M.I.

  • Tax Year: 2023

Land

  • Cross Street: Midland/Mcnicoll

  • Municipality District: Toronto E07

  • Zoning: Commercial

Commercial Specific

  • Number of Employees: 18

  • Retail Area: 4979

  • Retail Area Metric: Sq Ft

  • Total Area: 4979

  • Total Area Metric: Sq Ft

  • Hours Open: 9-12Am

  • Area Influence: Public Transit

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Unit

  • Seats: 170

  • Business/Building Name: Fortune Seafood Restaurant

  • Financial Statement: N

  • Gross Income/Sales: 2200000

  • LLBO: Y

Map of 8 &10-3833 Midland Avenue, Toronto
JK-8

St Rene Goupil Catholic School

Elementary: Catholic
0.70 km
JK-8

St Marguerite Bourgeoys Catholic Catholic School

Elementary: Catholic
0.78 km
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St Sylvester Catholic School

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1.24 km
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Milliken Public School

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0.40 km
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Port Royal Public School

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JK-6

Alexmuir Junior Public School

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Mary Ward Catholic Secondary School

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Albert Campbell Collegiate Institute

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