650 YONGE STREET, Toronto (Bay Street Corridor)

$49,500

For sale: Other

Other at 650 YONGE STREET, Toronto (Bay Street Corridor)
Property type
Sale Of Business
MLS®
MLS® C13226110
Neighbourhood
Bay Street Corridor

Proud to present a rare opportunity to acquire a legendary dining establishment that has served as a pillar of the community for over a decade. Far more than just a restaurant, this is a high performing asset characterized by an impeccable reputation and an unrivaled location. The property is nestled within a high density corridor of luxury high rise residences, corporate offices, Wellesley Subway Station is a few steps away, Few minutes from the city's prestigious luxury retail corridor. Approx. 947Sqft on main floor plus Approx. 442Sqft storage in basement. Under 30 seats, Liquor License. Fully trained staff, well maintained commercial kitchen. Dual Investment Opportunity: Buyers have the unique option to carry on the successful legacy of the existing brand, or rebrand with a fresh new concept upon approval.

Sold data

Homes in Bay Street Corridor — recent sold market

Homes in Bay Street Corridor took a median of 30 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 54, across 100 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 53 days.

The median sale price was $554,000.

Homes sold for about 3.7% below asking on average, so there was room to negotiate.

About 16% of sales closed above the list price.

Around 22% of sellers reduced their price before finding a buyer.

Median days to sell
30
Median sale price
$554,000
Sale-to-list ratio
96.3%
Sold above asking
16%

Based on 100 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Toronto (Bay Street Corridor)

Toronto (Bay Street Corridor) 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 (Bay Street Corridor)

  • 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 650 YONGE STREET