96 GERRARD ST E, Toronto, Ontario, M5B 1G7

MLS® # 40852588

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Commercial For Sale In Garden District, Toronto, Ontario

$349,000

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Brick facade commercial building with ground-level retail spaces and upper-level windows - 96 Gerrard St E, Toronto, ON

High-rise building featuring a light-toned facade and extensive window lines - 96 Gerrard St E, Toronto, ON

Street-level commercial space featuring brick facade and prominent storefront windows - 96 Gerrard St E, Toronto, ON

Restroom featuring white rectangular wall tiles with a black accent band, wood-finish flooring, and stainless steel grab bars - 96 Gerrard St E, Toronto, ON

Restroom featuring white subway tile with black accent bands, a red door with an automatic opener, and a wall-mounted sink with chrome fixtures - 96 Gerrard St E, Toronto, ON

Commercial kitchen featuring stainless steel appliances, a large exhaust hood, tile flooring, and dark textured wall tiling - 96 Gerrard St E, Toronto, ON

Restroom featuring a wall-mounted sink, chrome faucet, white toilet, and terra cotta tile flooring - 96 Gerrard St E, Toronto, ON

Brick exterior featuring multiple bay windows and ground-level utility access - 96 Gerrard St E, Toronto, ON

Brick exterior featuring a utility door with an access ramp, adjacent to a large gray panel - 96 Gerrard St E, Toronto, ON

Aerial perspective showcasing an urban environment with multi-lane roads, pedestrian crosswalks, and mature tree-lined streetscapes - 96 Gerrard St E, Toronto, ON

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96 GERRARD ST E, Toronto, Ontario, M5B 1G7

$349,000

Property Information:

This business sale makes sense — an exceptional opportunity to own a well-established Fat Bastard Burrito franchise in one of downtown Toronto's busiest corridors, steps from Toronto Metropolitan University, Yonge-Dundas Square, the Eaton Centre, and St. Michael's Hospital, with strong, consistent foot traffic from students, residents, and commuters year-round. Monthly sales average approximately $47.5K, and the 1,200 sq. ft. space carries one of the lowest rents in the downtown core at just $5,500/month, including TMI, with utilities averaging approximately $305/month. Royalty is 8% and marketing fee is 2%. The lease is with a student housing cooperative and runs until 2032, with two additional 5-year renewal options — a particularly attractive, long-term security rarely found in this market. (id:27)