388 Richmond St W

Toronto C01 | Waterfront Communities C1 | M5V 3P1

$380,000

Est. Mtg $1,288 /mo
  • Days on market

  • Status

Listing Broker ROYAL LEPAGE TERRA REALTY
Since listed: 3 views

Home details

MLS #:

C11925681

Property type:
Sale Of Business
Style:
Taxes:
$0
Possession:
Flexible

Description


388 Richmond St W, 5, Toronto, Ontario is a Sale Of Business property in Toronto C01 and in the Waterfront Communities C1 community in the M5V 3P1 postal code


Prime Downtown Toronto Fresh Burrito Franchise Opportunity High Traffic & Office Hub. Seize the chance to own a successful Fresh Burrito franchise in the bustling core of downtown Toronto! Located at 388 Richmond St W #5, this prime spot benefits from heavy foot traffic, thriving office buildings, and a dynamic urban environment. The area is surrounded by major tech companies, creative firms, and residential high-rises, driving consistent walk-ins and catering opportunities. The franchise enjoys strong, steadily growing monthly sales and is perfectly positioned to capitalize on lunch and dinner rushes from nearby professionals and residents. Affordable rent and a long-term lease ensure stability, while low royalty fees and robust franchise support maximize profitability. With Toronto's downtown continuing to grow as a commercial and residential hub, this turnkey business offers immense potential for expansion and sustained success. Don't miss this rare opportunity to own a thriving franchise in one of Torontos most vibrant and high-demand neighborhoods! **EXTRAS** Monthly Sales - $50,000 + $6500(HST) and growing. Low Monthly Rent - $4531.30 including TMI & HST. Lease - till 2028 + Option to renew for 5 years. Low Royalty Fees and exceptional franchise support.

Extras

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History

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List Date End Date List Price End Price Status MLS #
2022-02 $40 $40 C5439668
2025-02 $380,000 $380,000 C11925681

Comparables

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sold Date Address List Price sold Price DOM

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Toronto C01 :

Average sale price

$937,019

Properties sold

382

New Listings

962

Days on Market

16

Sale $ / List $

103%

Year on Year Growth

-0.62%



Estimated running costs for 388 Richmond St W

Based on available 3rd party data

$1423

Approximate costs per month

Mortgage
$1288 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$0 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker ROYAL LEPAGE TERRA REALTY
Data Source: TRREB

Payment calculator

$1288 monthly. In association with: TD Bank
%
  • Principal and Interest
    1288 /mo
  • Property Taxes
    $0 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Hamid Shahsavar, Realtor

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