UNIT 9 - 86 MELFORD DRIVE, Toronto (Malvern)

$40,000

For sale: Other

Other at UNIT 9 - 86 MELFORD DRIVE, Toronto (Malvern)
Property type
Sale Of Business
Bedrooms / bathrooms
1 bathroom
MLS®
MLS® E13225870
Neighbourhood
Malvern

Here is the revised listing with the mezzanine and **PAINT BOOTH POSSIBLE** added:**PRICE REDUCED - TURNKEY CABINET MANUFACTURING BUSINESS | $40,000 | RENT $3,200 INCLUDING TMI & HST**Rare opportunity to purchase a fully equipped custom cabinet and millwork business in Toronto for only **$40,000**. Monthly rent is only **$3,200, including TMI and HST**. **PAINT BOOTH POSSIBLE.** The business has been operating successfully for over **six years** and is ready for a new owner.The business specializes in custom kitchen cabinets, vanities, closets, wardrobes, wall units and millwork. All equipment required for the operation is included in the sale.The unit includes approximately **1,200 sq. ft.**, plus an additional **400 sq. ft. mezzanine**. The mezzanine is not included in the 1,200 sq. ft.The owner is willing to provide training, assist with the transition and introduce the buyer to suppliers and key industry contacts. Financing may also be available.The industrial unit permits woodworking and may accommodate spray painting or a paint booth, subject to required approvals. The space includes high ceilings, a drive-in shipping door, front and rear access, three dedicated parking spaces and overnight parking.Conveniently located near Highway 401 and Neilson Road.Ideal for cabinet makers, contractors, renovators, entrepreneurs or an existing cabinet company looking to expand.**Six years of successful operation. Equipment included. Rent only $3,200 including TMI and HST. Additional 400 sq. ft. mezzanine. Business price reduced to ***$40,000 for a quick sale.***

Sold data

Other homes in Toronto (Malvern) — recent sold market

Other homes in Toronto (Malvern) took a median of 39 days to sell over the last 365 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 91, across 37 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 102 days.

The median sale price was $59,000.

Homes sold for about 9.1% below asking on average, so there was room to negotiate.

About 5% of sales closed above the list price.

Around 14% of sellers reduced their price before finding a buyer.

Median days to sell
39
Median sale price
$59,000
Sale-to-list ratio
90.9%
Sold above asking
5%

Based on 37 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 (Malvern)

Toronto (Malvern) 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 (Malvern)

  • Cottinghamelementary, TorontoFraser rating 10.0/10
  • High Park Alternativeelementary, TorontoFraser rating 10.0/10
  • Northmountelementary, TorontoFraser rating 10.0/10
  • Sathya Saielementary, TorontoFraser rating 10.0/10
  • St Michael's Choirsecondary, TorontoFraser rating 10.0/10
  • St Sebastianelementary, TorontoFraser rating 10.0/10

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

Currently for sale

Homes for sale near UNIT 9 - 86 MELFORD DRIVE