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Last Updated : 6 Days ago
556 Yonge St, Toronto, Ontario, Bay Street Corridor
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2F - 556 Yonge St, Toronto MLS Number: C8476874

Bay Street Corridor, Toronto, ON, M4Y 1Y8

$198,000

Status: For Sale

  • Property Type: Commercial (Sale Of Business)
  • Property Taxes : $1000.00 (Tax Year:2023)
  • Listing Courtesy : Real One Realty Inc.

Unit-2F 556 Yonge St Property Description

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.

Unit-2F 556 Yonge St Property Facts

Property Type :Commercial
MLS Number :C8476874
Listing Type :Sale
Possession Date :
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Last Updated :25 Jun, 2024 (6 Days ago)
Area :Toronto
Community : Bay Street Corridor
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Postal Code : M4Y 1Y8
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Source :TRREB

Unit-2F 556 Yonge St Property Price & Tax Insights

Price :$198,000
Property Taxes :$1000.00
Tax Year :2023

Property Details for Unit-2F 556 Yonge St, Toronto, Ontario

Cross Street :Wellesley St & Yonge St
Fireplace/Stove :No

556 Yonge St, Toronto - Price History

2024-06

25 Jun, 2024

TREB #C8476874

Available

$198000.0

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556 Yonge St - Location Map and Landmarks

  • Commute
  • Educational
  • Hospitals
  • Shopping & Recreational
  • Building
  • Nearby Cross Streets
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