UNIT 5 - 72 STEELES AVENUE W, Vaughan (Crestwood-Springfarm-Yorkhill)

$129,000

For sale: Other

Other at UNIT 5 - 72 STEELES AVENUE W, Vaughan (Crestwood-Springfarm-Yorkhill)
Property type
Sale Of Business
MLS®
MLS® N13414794
Neighbourhood
Crestwood-Springfarm-Yorkhill

Rare opportunity to acquire a beautifully established, turnkey dessert café situated at the premier intersection of Yonge Street and Steeles Avenue in Thornhill. Located in a high-exposure retail plaza, this business boasts exceptional visibility and prominent signage facing Steeles Avenue, drawing heavy pedestrian and vehicular traffic daily. The thoughtfully designed space features extensive leasehold improvements, renovation and premium commercial equipment, representing a significant capital investment that ensures a smooth transition for the incoming owner. Ample on-site parking further enhances convenience for both staff and a customer base. This fully operational business offers a lease with 2 years remaining plus a 5-year renewal option. The highly competitive gross rent is $3,790.45 per month, which includes TMI and HST. The purchase price includes all existing equipment, renovations, and leasehold improvements, Ex: one cake display case. An ideal, takeover opportunity for independent entrepreneurs, owner-operators, or established dessert chains looking to expand into a thriving, high-density market.

Sold data

Homes in Vaughan (Crestwood-Springfarm-Yorkhill) — recent sold market

Homes in Vaughan (Crestwood-Springfarm-Yorkhill) took a median of 23 days to sell over the last 90 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 45, across 761 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 48 days.

The median sale price was $1,100,000.

Homes sold for about 3.4% below asking on average, so there was room to negotiate.

About 16% of sales closed above the list price.

Around 15% of sellers reduced their price before finding a buyer.

Median days to sell
23
Median sale price
$1,100,000
Sale-to-list ratio
96.6%
Sold above asking
16%

Based on 761 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Vaughan (Crestwood-Springfarm-Yorkhill)

Vaughan (Crestwood-Springfarm-Yorkhill) has 91 Fraser Institute–rated schools (76 elementary and 15 secondary), averaging 7.1/10.

Rated schools
91
Elementary
76
Secondary
15
Average rating
7.1 / 10

Top-rated schools in Vaughan (Crestwood-Springfarm-Yorkhill)

  • Pierre Berton — elementary, VaughanFraser rating 8.2/10
  • Guardian Angels — elementary, VaughanFraser rating 7.7/10
  • Le-Petit-Prince — elementary, VaughanFraser rating 7.2/10
  • St Michael the Archangel — elementary, VaughanFraser rating 7.1/10
  • Glenn Gould — elementary, VaughanFraser rating 6.7/10
  • Nellie McClung — elementary, VaughanFraser rating 6.1/10

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

Currently for sale

Homes for sale near UNIT 5 - 72 STEELES AVENUE W