3 - 2267 ISLINGTON AVENUE, Toronto (Elms-Old Rexdale)

$30,000

For sale: Other

Other at 3 - 2267 ISLINGTON AVENUE, Toronto (Elms-Old Rexdale)
Property type
Sale Of Business
MLS®
MLS® W13787530
Neighbourhood
Elms-Old Rexdale

Excellent opportunity to own and operate Highland Momo, an established Tibetan & Himalayan restaurant located in Rexdale Mall at 2267 Islington Ave. This turnkey business is being sold with its established name and goodwill, Google Business Profile and reviews, social media presence, recipes, and restaurant equipment/chattels owned by the Seller. Ideal for an owner-operator or entrepreneur looking to step into an operating restaurant with an existing customer base. Seller will provide one week of one-on-one training, including recipes and operational transition. Existing License Agreement provides an option for an additional 5-year extension, subject to its terms and conditions. Buyer to obtain Licensor's approval for assignment/transfer. Great opportunity to continue the Highland Momo concept and build on its established presence. Be your own Boss.

Sold data

Other homes in Toronto (Elms-Old Rexdale) — recent sold market

Other homes in Toronto (Elms-Old Rexdale) took a median of 36 days to sell over the last 365 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 89, across 36 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 98 days.

The median sale price was $67,500.

Homes sold for about 7.7% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

Around 17% of sellers reduced their price before finding a buyer.

Median days to sell
36
Median sale price
$67,500
Sale-to-list ratio
92.3%
Sold above asking
8%

Based on 36 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Toronto (Elms-Old Rexdale)

Toronto (Elms-Old Rexdale) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.

Rated schools
529
Elementary
425
Secondary
104
Average rating
6.2 / 10

Top-rated schools in Toronto (Elms-Old Rexdale)

  • Cottingham — elementary, TorontoFraser rating 10.0/10
  • High Park Alternative — elementary, TorontoFraser rating 10.0/10
  • Northmount — elementary, TorontoFraser rating 10.0/10
  • Sathya Sai — elementary, TorontoFraser rating 10.0/10
  • St Michael's Choir — secondary, TorontoFraser rating 10.0/10
  • St Sebastian — elementary, TorontoFraser rating 10.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 3 - 2267 ISLINGTON AVENUE