556 Yonge St

Toronto C01 | Bay Street Corridor | M4Y 1Y8
  • 4122.0 sqft
  • 0 gar

Ask: $198,000 $158,000

Est. Mtg $535 /mo
  • Days on market

    150

  • Status

    A

Listing Broker REAL ONE REALTY INC.
Since listed: 1 views

Home details

MLS #:

C8476874

Property type:
Sale Of Business
Style:
Taxes:
$1,000
Possession:
TBD
Condo Fee:
Lot Size:
23.08 X 123.0
Zoning:
Commercial Residential Zone (CR3)
Use:
Entertainment
Heat:
Gas Forced Air Closd

Description


556 Yonge St, 2F, Toronto, Ontario is a Sale Of Business property in Toronto C01 and in the Bay Street Corridor community in the M4Y 1Y8 postal code


In the heart of downtown Toronto, right next to Yonge and Wellesley Streets, lies a thriving board game cafe perfectly positioned to attract today's young crowd. This centrally located business boasts a spacious 4,122 sq ft across two floors. Completely renovated and equipped by the current owner for approximately $420,000, the cafe is move-in ready for continued success. The open lower floor offers a welcoming atmosphere with 10 tables, 40 seats, and a massive library of over 200 board games, catering perfectly to both couples and larger groups. Head upstairs and you'll find 8 private rooms ideal for a more intimate gaming experience, each equipped with automatic Mahjong tables. But the fun doesn't stop there! A convenient mini mart ensures you have all the snacks and drinks you need for your game night, while the kitchen, complete with LCBO licensing, allows you to enjoy alcoholic beverages as well. The current lease offers attractive terms with a monthly rent of approximately $22,179 (including TMI) and a remaining term of 5.3 years with a 5-year renewal option. Open seven days a week, the cafe caters to both weekday and weekend crowds, operating from 5 pm to 1 am Monday through Thursday and extended hours from 2 pm to 1 am on Fridays through Sundays. With sales steadily increasing as the cafe gains more popularity, this is a prime opportunity to step into a turn-key business with all the amenities, equipment, and licenses already in place for guaranteed success..

Extras

All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence..



Payment calculator

$619 monthly. In association with: TD Bank
%
  • Principal and Interest
    535 /mo
  • Property Taxes
    $83 /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

Jim Millis, Realtor

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