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Last Updated : 472 Days ago
259 King St E, Toronto, Ontario, Moss Park

25431 - 259 King St E, Toronto MLS Number: C9418383

Moss Park, Toronto, ON, M5A 1K2

$299,900

Status: OFF MARKET

  • 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.

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Unit-25431 259 King St E Property Facts

Property Type :Commercial
MLS Number :C9418383
Listing Type :Sale
Property Age :16-30 Years
Possession Date :
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Last Updated :20 Oct, 2024 (472 Days ago)
Source :TRREB
Area :Toronto
Postal Code : M5A 1K2
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Unit-25431 259 King St E Property Price & Tax Insights

Price : $299,900
Property Taxes :$0.00
Tax Year :2024

Unit-25431 259 King St E, Toronto Property Details

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

259 King St E, Toronto - Price History

2024-10

20 Oct, 2024

TREB #C9418383

Available

$299900.0

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259 King St E - Location Map and Landmarks

  • King Subway, Toronto 0.85 km
  • Queen Subway, Toronto 0.94 km
  • Dundas Subway, Toronto 1.17 km
  • Union Go Station, Toronto 1.17 km
  • Union Station Subway, Toronto 1.26 km
  • Union Train Station, Toronto 1.26 km
  • St Andrew Subway, Toronto 1.43 km
  • Osgoode Subway, Toronto 1.54 km
  • College Subway, Toronto 1.68 km
  • St Patrick Subway, Toronto 1.68 km
  • George Brown College - St James Campus, Toronto 0.2 km
  • Market Lane Junior & Senior Public School, Toronto 0.28 km
  • St Michael Catholic Elementary School, Toronto 0.4 km
  • Downtown Alternative School, Toronto 0.44 km
  • Voice Intermediate Private School, Toronto 0.64 km
  • St Paul Catholic Elementary School, Toronto 0.68 km
  • Afzal Islamic Montessori & Academy - Downtown Campus, Toronto 0.69 km
  • Gabrielle Roy Elementary School, Toronto 0.7 km
  • Inglenook Community School, Toronto 0.74 km
  • Victoria Street Linc, Toronto 0.8 km
  • Beacon Health, Toronto 0.12 km
  • St. Michael's, Toronto 0.86 km
  • Steadson Hospital, Toronto 1.56 km
  • Hospital for Sick Children, Toronto 1.67 km
  • The Hospital For Sick Children, Toronto 1.67 km
  • The Women'S Auxiliary Play Park, Toronto 1.71 km
  • Emergency General Hospital, Toronto 1.73 km
  • The Leroy And Elizabeth Macmillan Plastic Surgery Clinic, Toronto 1.78 km
  • Toronto General Hospital, Toronto 1.81 km
  • St Regis Hospital, Toronto 1.87 km
  • 184 Front Street East, Toronto 0.07 km
  • Rocco'S Nofrills Toronto, Toronto 0.14 km
  • Sobey'S, Toronto 0.15 km
  • Metro, Toronto 0.46 km
  • Distillery Market, Toronto 0.6 km
  • Kabul Farms Supermarket, Toronto 0.7 km
  • Loblaws, Toronto 0.71 km
  • Merry Hill Shopping Mall Canada, Toronto 0.85 km
  • Cf Etobicoke Shopping Center, Toronto 0.9 km
  • Capital City Shopping Centre Limited, Toronto 0.91 km
  • King Street East and Sherbourne Street, Toronto 0.04 km
  • Lower Sherbourne Street and Front Street East and Sherbourne Street, Toronto 0.09 km
  • Adelaide Street East and Sherbourne Street, Toronto 0.13 km
  • Lower Sherbourne Street and The Esplanade, Toronto 0.24 km
  • Sherbourne Street and Richmond Street East, Toronto 0.27 km
  • King Street East and Jarvis Street, Toronto 0.35 km
  • Front Street East and Lower Jarvis Street and Jarvis Street, Toronto 0.36 km
  • Adelaide Street East and Jarvis Street, Toronto 0.37 km
  • Sherbourne Street and Queen Street East, Toronto 0.39 km
  • King Street East and Parliament Street, Toronto 0.4 km
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