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$ 62,700
Est. payment /mo
New
120 Lower Sherbourne ST Toronto C08, ON M5A 4J4
1 Bath
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Subdivision Waterfront Communities C8
MLS Listing ID C12455710
Annual Tax Amount $1,200
Tax Year 2024
Property Sub-Type Sale Of Business
Property Description
Discover a fantastic opportunity to own a well-established and highly successful hair salon in the heart of downtown Toronto's St. Lawrence community. This beautifully maintained, cozy, and inviting salon has been operating at the same location for 30 years, with the current owner proudly running it for more than 12 years. Now, as the owner retires, this beloved business is ready for its next chapter. Perfectly situated just a short walk from the St. Lawrence Market, the salon enjoys prime street-level exposure on Lower Sherbourne Street, offering exceptional visibility and consistent foot traffic. The surrounding area is bustling with residential and commercial activities, including two new condominium towers with 1,500+ units nearby and even more developments underway creating a tremendous opportunity to grow an already loyal client base. The salon currently serves over 400 loyal clients built over decades of exceptional service, with the outgoing owner willing to personally introduce and refer clientele to the new owner, ensuring a smooth transition and continued success. The space offers flexibility for additional services such as spa or nail treatments, with significant potential for revenue growth through extended hours or added services. Monthly lease: Only $2,200/month + TMI $100/month. Lease term: 3 years remaining with easy renewal for a proper candidate. 1 Parking space included, additional parking available at extra cost. Don't miss your chance to make this proven, thriving business your own.
Location
Province ON
County Toronto
Community Waterfront Communities C8
Area Toronto
Interior
Cooling Yes
Exterior
Lot Frontage 30.0
Lot Depth 19.0
Listed by HOMELIFE LANDMARK REALTY INC.
