744 King Street, Toronto, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Niagara. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $849,000 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 0 Bathrooms
- Premium 19.33 x 91.78 ft lot size
- Convenient reserved/assignd garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Outstanding Opportunity: 24-Hour Pizza Store on King St, Downtown Toronto** Take advantage of an exceptional opportunity to purchase a highly successful, 24-hour pizza storefront perfectly positioned in the heart of downtown Toronto on vibrant King Street. Business Highlights: Proven Performance: Average annual sales of approximately **$1.4 million** over the last two years. Turnkey Setup: Fully equipped for both dine-in and takeout services, featuring a cozy 15-seat layout. Premium Location: Situated in a high-density, foot-traffic heavy urban corridor, ensuring a steady stream of day and late-night clienteles. Lease & Financials: Gross Lease: $6,000/month + HST Secure Term: 4 years remaining on the current lease, plus two 5-year extension options available (4 + 5 + 5).This turnkey operation is ideal for an owner-operator looking to step into a profitable business from day one, or an investor seeking a well-positioned food franchise in a premier Toronto location.
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Pricing & Value Insights
Data-driven valuation for 744 King Street W, Toronto, ON M5V 1N3
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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 $849,000 in Toronto, the legal minimum down payment is $59,900 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 $13,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $13,455 also applies, bringing the total estimated land transfer taxes to $26,910.
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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.