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25431 - 259 KING STREET E, Toronto, Ontario, M5A 1K2

MLS® # C9418383
Commercial For Sale In Old Town, Toronto, Ontario
$299,900
25431 - 259 King Street E, Toronto, ON
25431 - 259 King Street E, Toronto, ON
25431 - 259 King Street E, Toronto, ON
25431 - 259 King Street E, Toronto, ON
25431 - 259 King Street E, Toronto, ON
25431 - 259 King Street E, Toronto, ON
25431 - 259 King Street E, Toronto, ON
25431 - 259 King Street E, Toronto, ON
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25431 - 259 KING STREET E, Toronto, Ontario, M5A 1K2
$299,900

Property Information:

Superb Franchise restaurant opportunity located at King St E & Sherbourne St, heart of downtown Toronto. Features include Restaurant surrounded by George Brown College campus, major offices/banks & condos ensuring strong and stable customer base for lunch + dinner. Great potential for 24/7 operations. Directly connected to TTC, street cars (East/West) and bus service (North/South). Large condo towers by reputed builders: Pemberton - Time & Space 29 storeys complete 1600 condos - occupants moving in, Cityzen & Fernbrook - St Lawrence Condos 26 storeys complete 482 condos -occupants moving in, Menkes - The Whitefield - 39 storeys under construction 470 condos, First Gulf - EQ Bank Tower 23 Floors Exterior complete, working on interiors - anticipated ready to move in by Q1 2025.These developments bringing in estimated 9000+ new customers (in addition to existing customers) within 300m of the restaurant. At least 3 other major developments including Fitzrovia Retirement Homes anticipated to break ground soon within 100 meters of the restaurant; Notice by City of Toronto are up. New LRT is located within walking distance, Scotia Bank & Waddington Auction House located next door; National Bank, RBC, BMO; CIBC, Globe & Mail (Air Miles, Yellow Pages, many more) within 2 minute walk; Coca-Cola National Office and No Frills located within 50 meters; LCBO, Pet Store, Toronto Opera Company, Fire Station within 1 minute. This restaurant has the latest equipment: complete remodel including all equipment: 2 cold wells,1 hot well, 1 proofing & baking unit, 2 toaster ovens, Brand new HVAC unit, LED Lighting, New flooring and walls, seating capacity for up to 32 guests with 2 Toilets (plus small office space). Rapidly developing customer base; average household income of $135,000. Rent frozen for 2yrs and lease good thru 2028 with another option to extend the lease by another 5 yrs. Low TMI. Net Price includes all brand new equipment, furniture, newly installed HVAC, inventory. **** EXTRAS **** This turnkey ready to move in restaurant presents a rare opportunity for new entrepreneurs (immigrants and citizens alike ensuring long term employment and ownership); Seller open to partnership. (id:27)

Building Features:

  • Style: Business
  • Air Conditioning: Yes
  • Heating Type: Forced air
  • Heating Fuel: Electric
  • Cooling Type: Fully air conditioned
  • Appliances: Refrigerator

Property Features:

  • Property Type: Business
  • Bathrooms: 2
  • Zoning: Commercial

REALTOR.ca  

Location of 25431 - 259 KING STREET E, Toronto, Ontario, M5A 1K2

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

31 hot days expected in 2050

Projected Precipitation Risk: Moderate

13 storms expected in 2050

Projected Heat Risk: Moderate

31 hot days expected in 2050

46/100

Moderate

ClimateCheck®

Current data

This property, 25431 - 259 KING STREET E , experiences 7 hot days per year at around 30.6 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 34.2 degrees Celsius.

Projected Avg. Temperature

Past
30.6℃
2050
34.2℃

# Hot Days Per Year

Past
7
2050
31

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

13 storms expected in 2050

56/100

Moderate

ClimateCheck®

Current data

This property, 25431 - 259 KING STREET E , experiences 11 significant 2-day storms per year, with about 296.4mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 367.9mm of precipitation per year.

Precipitation Per Storm

Past
296.4mm
2050
367.9mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 25431 - 259 KING STREET E, Toronto, Ontario, M5A 1K2

Life Stage

Young Singles

Employment Type

White Collar

Average Household Income

$168,604.75

Average Number of Children

1.53

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

5.08 %

High school certificate or equivalent

15.6 %

Apprenticeship trade certificate/diploma

2.06 %

College/non-university certificate

13.85 %

University certificate (below bachelor)

4.85 %

University Degree

58.55 %

Commuter

Travel To Work

By Car

30.59 %

By Public Transit

19.77 %

By Walking

37.86 %

By Bicycle

4.93 %

By Other Methods

6.85 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

98.16 %

Houses

1.84 %

Own Vs. Rent