G20 - 181 UNIVERSITY AVENUE, Toronto (Bay Street Corridor)

$100,000

For sale: Other

Other at G20 - 181 UNIVERSITY AVENUE, Toronto (Bay Street Corridor)
Property type
Sale Of Business
MLS®
MLS® C13242454
Neighbourhood
Bay Street Corridor

Excellent downtown Toronto location, directly across from Shangri-La Hotel and steps from the Hilton Hotel and Financial District, and the PATH system. Walk Score and Transit Score of 100. Long-established Platis Cleaners Dry Cleaning & Alterations with over 60 years of history and a strong reputation. High-traffic area with great growth potential. Approx. 80% dry cleaning , 20% alterations. Seller has operated the business for 12 years and is now preparing to retire. Independently operated business with no franchise agreement, no franchise fees, and no ongoing franchise obligations. A new lease may be available for a qualified buyer, subject to landlord approval. Very favourable occupancy costs compared to many other downtown Toronto locations. Great opportunity for an owner-operator, especially with alteration experience.

Sold data

Other homes in Toronto (Bay Street Corridor) — recent sold market

Other homes in Toronto (Bay Street Corridor) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 102 days.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 (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 G20 - 181 UNIVERSITY AVENUE