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2F - 556 YONGE STREET, Toronto, Ontario, M4Y 1Y8

MLS® # C8476874
Commercial For Sale In Bay Street Corridor, Toronto, Ontario
$198,000
2F - 556 Yonge Street, Toronto, ON
2F - 556 Yonge Street, Toronto, ON
2F - 556 Yonge Street, Toronto, ON
2F - 556 Yonge Street, Toronto, ON
2F - 556 Yonge Street, Toronto, ON
2F - 556 Yonge Street, Toronto, ON
2F - 556 Yonge Street, Toronto, ON
2F - 556 Yonge Street, Toronto, ON
2F - 556 Yonge Street, Toronto, ON
2F - 556 Yonge Street, Toronto, ON
2F - 556 Yonge Street, Toronto, ON
2F - 556 Yonge Street, Toronto, ON
2F - 556 Yonge Street, Toronto, ON
2F - 556 Yonge Street, Toronto, ON
2F - 556 Yonge Street, Toronto, ON
2F - 556 Yonge Street, Toronto, ON
2F - 556 Yonge Street, Toronto, ON
2F - 556 Yonge Street, Toronto, ON
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ACTIVE
2F - 556 YONGE STREET, Toronto, Ontario, M4Y 1Y8
$198,000

Property Information:

In the heart of downtown Toronto, right next to Yonge and Wellesley Streets, lies a thriving board game cafe perfectly positioned to attract today's young crowd. This centrally located business boasts a spacious 4,122 sq ft across two floors. Completely renovated and equipped by the current owner for approximately $420,000, the cafe is move-in ready for continued success. The open lower floor offers a welcoming atmosphere with 10 tables, 40 seats, and a massive library of over 200 board games, catering perfectly to both couples and larger groups. Head upstairs and you'll find 8 private rooms ideal for a more intimate gaming experience, each equipped with automatic Mahjong tables. But the fun doesn't stop there! A convenient mini mart ensures you have all the snacks and drinks you need for your game night, while the kitchen, complete with LCBO licensing, allows you to enjoy alcoholic beverages as well. The current lease offers attractive terms with a monthly rent of approximately $22,179 (including TMI) and a remaining term of 5.3 years with a 5-year renewal option. Open seven days a week, the cafe caters to both weekday and weekend crowds, operating from 5 pm to 1 am Monday through Thursday and extended hours from 2 pm to 1 am on Fridays through Sundays. With sales steadily increasing as the cafe gains more popularity, this is a prime opportunity to step into a turn-key business with all the amenities, equipment, and licenses already in place for guaranteed success. **** EXTRAS **** All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence. (id:27)

Building Features:

  • Style: Business
  • Air Conditioning: Yes
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned

Property Features:

  • Property Type: Business
  • Bathrooms: 2
  • Amenities Nearby: Public Transit
  • Irregular: Yes
  • Lot Size: 23.08 x 123 FT

Courtesy of: REAL ONE REALTY INC.

REALTOR.ca  

Location of 2F - 556 YONGE STREET, Toronto, Ontario, M4Y 1Y8

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: High

31 hot days expected in 2050

Projected Storm Risk: High

13 storms expected in 2050

Projected Heat Risk: High

31 hot days expected in 2050

46/100

High

ClimateCheck®

Current data

This property, 2F - 556 YONGE STREET , experiences 7 hot days per year at around 30.7 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 34.3 degrees Celsius.

Projected Avg. Temperature

Past
30.7℃
2050
34.3℃

# 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 Storm Risk: High

13 storms expected in 2050

56/100

High

ClimateCheck®

Current data

This property, 2F - 556 YONGE STREET , experiences 11 significant 2-day storms per year, with about 295.1mm 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 366.4mm of precipitation per year.

Precipitation Per Storm

Past
295.1mm
2050
366.4mm

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 2F - 556 YONGE STREET, Toronto, Ontario, M4Y 1Y8

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$121,957.64

Average Number of Children

1.41

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

3.79 %

High school certificate or equivalent

20.99 %

Apprenticeship trade certificate/diploma

1.31 %

College/non-university certificate

11.0 %

University certificate (below bachelor)

3.3 %

University Degree

59.61 %

Commuter

Travel To Work

By Car

23.31 %

By Public Transit

26.84 %

By Walking

40.77 %

By Bicycle

4.26 %

By Other Methods

4.82 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

98.68 %

Houses

1.32 %

Own Vs. Rent