16 Yonge Street, Toronto, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Waterfront Communities C1. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $164,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 1 Bathroom
- Premium 18 x 30.17 ft lot size
- Convenient plaza garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Popular pizza quick service restaurant (QSR) in the Harbourfront neighbourhood of Toronto,located right on Yonge Street in a dense and high-demand area. This 542 sq ft unit is compact and highly efficient, making it very easy to staff and manage while maintaining strong operational flow. The business benefits from excellent visibility and steady customer traffic,with a proven setup that supports both walk-in and delivery-focused sales. Surrounded by numerous residential towers and condos, this location is ideal for delivery and takeout, with a built-in customer base and consistent demand throughout the year. Foot traffic is strong year-round and increases significantly during the summer months with tourists and waterfront activity. The space includes limited indoor seating for 9 guests plus a 15-seat patio, offering flexibility for dine-in and outdoor service. Lease rate of $3,097 Gross Rent including TMI with 3.5 + 5 years remaining. Excellent opportunity for an owner-operator or brand looking to expand into a prime downtown Toronto location with strong fundamentals and steady traffic. Please do not go direct or speak to staff or ownership.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 16 Yonge Street C, Toronto C01, ON M5E 2A3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $164,000 in Toronto, the legal minimum down payment is $8,200 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $1,365 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $1,365 also applies, bringing the total estimated land transfer taxes to $2,730.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
