Business For Sale · Retail

33 - 275 DUNDAS STREET W, Toronto (Kensington-Chinatown)

33 - 275 DUNDAS STREET W, Toronto (Kensington-Chinatown), ON M5T3K1

$250,000 total

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Asset Class

Retail

Size

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Building class

B

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

91%

About this property

Excellent opportunity to own Pizza Olive in the heart of downtown Toronto! Recently recognized as one of the top 10 best pizza restaurants, Pizza Olive boasts over 400 glowing Google reviews and a loyal base of regular customers. Located in the Village by the Grange Food Court near Dundas & University, this 521 sq.ft. unit features a large hood and generous frontage. Across from OCAD University and the Art Gallery of Ontario, and steps from St. Patrick subway station, the location is well positioned to serve students, nearby condo residents, office workers and hospital staff. The mall is open from early morning until late at night (6:00 am - 10:30 p.m.) Ground-level access provides convenience for takeout and delivery. An appealing opportunity for an owner-operator or restaurateur looking to acquire an established business with a downtown presence. Sale of business only; real estate not included. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$250K
Down payment30% · $75K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$14K

Annual cash flow

$-104

Cash-on-cash

-0.14%

DSCR

0.99

Going-in cap

5.50%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

76,784

Households

26,616

Median income

$117,000

Median age

36.1

Daytime population

94,064

5-yr growth

7.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 33 - 275 DUNDAS STREET W, Toronto (Kensington-Chinatown).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.