2789 LAKESHORE BOULEVARD W, Toronto (New Toronto), ON M8V1H4
New Toronto
Key Facts
Description
Run a Gaming Lounge, VR Studio, Virtual Golfing business in this fully turnkey business features brand-new bar setup and equipment, professionally maintained pool and snooker tables, and a valid LLBO license secured until August 2028. Low rent of $3900 (including TMI) and landlord already okay for a longer 5+5 year lease starting at monthly rent of $3900 a month including TMI. Boasting a 5-star Google rating, the lounge enjoys a loyal customer base and an excellent reputation. With low overhead and consistent income, it is ideal for tournament nights, birthday parties, date nights, corporate bookings, team-building events, and live sporting viewings. Currently operating from 4 PM till late night with no limitations on timings, there is strong potential to further increase revenue through expanded programming and events. A fantastic opportunity for investors or owner-operators seeking a steady-income business in a vibrant and established community. (id:31684)
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Listing #
W13494128
Property Features
Heating
Affordability Calculator
$24,998
Estimated monthly payment
$665/mo
Principal $99,992 · Est. interest $139,498 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Toronto, ON
- CA$784,870
- Median Listing Price
- 41
- Median Days on Market
- 950
- Median Sq Ft
- CA$818
- Median Price / Sq Ft
- 20,012
- Active Listings
- This home’s price is 84% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Toronto, ON.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1568 Bloor Street W, Toronto, ON | CA$88,000 | — | — | 850 |
| 384 Yonge St Street #3, Toronto, ON | CA$88,000 | — | — | 230.34 |
| 2899 Steeles Avenue W 29, Toronto, ON | CA$88,000 | — | 1 | 1,500 |
| #3 - 384 YONGE ST STREET, Toronto (Bay Street Corridor), ON | CA$88,000 | — | — | 230 |
| 3887 Bathurst Street, Toronto, ON | CA$88,000 | — | — | 1,000 |
| 1568 BLOOR STREET W, Toronto (High Park North), ON | CA$88,000 | — | — | 850 |
Moving Cost Estimate
Listing Courtesy: HOMELIFE/MIRACLE REALTY LTD
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