56 YONGE STREET S, Springwater (Elmvale)
$625,000
For sale: Other
- Property type
- Commercial Retail
- Bedrooms / bathrooms
- 3 bathrooms
- MLS®
- MLS® S13243720
- Neighbourhood
- Elmvale
Exceptional commercial opportunity located on the main strip of Elmvale, surrounded by established residential neighborhoods and steady local demand. This site offers prime visibility, constant foot traffic, and additional exposure from highway traffic flowing directly through town. The property sits in a high-growth corridor and is perfectly positioned for an operator looking to capitalize on an area known for its long-standing, loyal customer base. Situated among established national chains-including Tim Hortons and McDonald's-this location benefits from strong neighboring traffic and consistent consumer draw. With strong site lines and flexible commercial zoning, this location is ideal for a fast-casual concept, cafe, retail, or service-based business. The area's demographics, neighborhood stability, and year-round traffic make this a rare chance to secure a profitable, high-performing commercial asset in a sought-after community. Chattels are included in the sale (full list available upon request), and the property is equipped with a monitored alarm system with security cameras in place. PLEASE NOTE: Current business remains in full operation. Please do not approach staff or ownership regarding the sale. Property will be delivered vacant upon possession.
Sold data
Homes in Springwater (Elmvale) — recent sold market
Homes in Springwater (Elmvale) took a median of 31 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 47, across 76 recorded sales.
The median sale price was $889,445.
Homes sold for about 2.8% below asking on average, so there was room to negotiate.
About 8% of sales closed above the list price.
Around 13% of sellers reduced their price before finding a buyer.
- Median days to sell
- 31
- Median sale price
- $889,445
- Sale-to-list ratio
- 97.2%
- Sold above asking
- 8%
Based on 76 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
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