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Last Updated : 19 Days ago
259 King St E, Toronto, Ontario, Moss Park
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25431 - 259 King St E, Toronto MLS Number: C9282572

Moss Park, Toronto, ON, M5A 1K2

$365,000

Status: For Sale

  • Property Type: Commercial (Sale Of Business)
  • Property Taxes : $0.00 (Tax Year:2024)
  • Listing Courtesy : Royal Lepage/j & D Division

Unit-25431 259 King St E Property Description

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.

Unit-25431 259 King St E Property Facts

Property Type :Commercial
MLS Number :C9282572
Listing Type :Sale
Property Age :16-30 years
Possession Date :
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Last Updated :28 Aug, 2024 (19 Days ago)
Source :TRREB
Area :Toronto
Community : Moss Park
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Postal Code : M5A 1K2
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Unit-25431 259 King St E Property Price & Tax Insights

Price : $365,000
Property Taxes :$0.00
Tax Year :2024

Property Details for Unit-25431 259 King St E, Toronto, Ontario

Cross Street :King St E & Sherbourne St
Fireplace/Stove :No

259 King St E, Toronto - Price History

2024-08

28 Aug, 2024

TREB #C9282572

Available

$365000.0

  • 0
  • 400k
  • 800k
  • 1.2M
  • 1.6M
  • 2M+
  • 0
  • 6
  • 12
  • 18
  • 24
  • 30+
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  • 6
  • 12
  • 18
  • 24
  • 30+

259 King St E - Location Map and Landmarks

  • Commute
  • Educational
  • Hospitals
  • Shopping & Recreational
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FAQs: 259 King St E, Toronto

  • Q:What is the Area Size of the 259 King St E In Sq.Ft and it's MLS No.?

    A: The project covers an area of approximately sq. ft and is strategically located in Toronto. The MLS No of this project is C9282572 and the Project is located in Ontario, Canada
  • Q: Does this Project 259 King St E available for Sale ?

    A: The project 259 King St E is readily available for Sale and can be purchased at competitive prices today. You can schedule a tour or request a call back for knowing further.
  • Q: How far is this property from my workplace?

    A:You can calculate your travel time and see how this property is far from your Office, your spouse's workplace or your kid's school. You just need to tell us which places you commute to frequently and Square Yards will tell you how far they are from this property.
  • Q:What are the Key Features 259 King St E is Offering?

    A:Square Yards is giving a Cashback of $1,825 if you buy this property from us, however there are several key features offered by the 259 King St E. You get Beds with N/A Bath, central air conditioning, parking space and garage along with a heating system, basement, gas fuel system and balcony.
  • Q:How many Beds & Baths available in 259 King St E, Toronto?

    A: 259 King St E, Toronto comes with Beds for maximum convenience and space. There are N/A baths available as well for when you have guests over or if you have a large family!
  • Q:How many Apartments and Condos are available for Sale in Toronto, On?

    A:Toronto, Ontario is one of the biggest real estate markets in Canada. There are several options available here pertaining to condos and apartments alike. There are approximately apartments and condos available currently for your perusal.
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