24 Wellesley Street W 7
Bay Street Corridor, Toronto, M4Y 2X6
$70,000
Reduced $80,000 from $150,000
- 1 bathrooms
Listed 130 days ago · MLS® C13440390
About this home
Excellent Location Close To U Of T! Well Established Bubble Tea Business For Sale In The Heart Of Downtown Toronto. Prime Wellesley St Exposure With A Rare Wide Storefront. Situated Between Yonge St & Bay St In A High-Traffic Area Surrounded By Office Buildings, High-Rise Condominiums, University Of Toronto, Major Hospitals, Subway Stations. Functional Layout Featuring A Fully Equipped Bubble Tea Bar, Kitchen Range Hood, And Complete Equipment Package. Attractive Lease Terms With Low Rent. Turnkey Opportunity For Owner-Operators Or Investors. Can Be Easily Converted To Other Beverage Concepts, Cafés, Dessert Shops, Fast Food, Take-Out Restaurants, Or Various Other Food Uses. Great Potential In A Vibrant And Growing Neighbourhood.
Details
- Type
- Sale Of Business
- Garage
- Underground
- Property tax
- $1 (2025)
- Neighbourhood
- Bay Street Corridor
- Municipality
- Toronto C01
Interior
- Bathrooms
- 1 × bathroom
Heating, cooling and services
- Heating
- Gas Forced Air Open
- Air conditioning
- Yes
Building and exterior
- Building area
- 740 Square Feet
More
- Possession
- TBA
- Cross street
- Wellesley St W/Yonge
- Business type
- Restaurant
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Very walkable
- 🚇 Wellesley Subway3 min walk
- 🚇 College Subway8 min walk
- 🚆 Toronto Union Station GO2.3 km
Within a 10-minute walk: 22 grocery stores, 336 cafés and restaurants, 36 parks, 29 pharmacies. Nearest grocery: Galleria Supermarket Express (100 m). Nearest park: Dr. Lillian McGregor Park (50 m).
Schools nearby
Elementary
- Church Street Junior Public School
EQAO: Gr 6 reading 84%, math 45%9 min walk - Orde Street Public School
EQAO: Gr 6 reading 89%, math 64%13 min walk - Our Lady of Lourdes Catholic School Catholic
EQAO: Gr 6 reading 80%, math 43%14 min walk
Secondary
- St. Joseph's College School Catholic
EQAO: Gr 9 math 66%, literacy test 87%4 min walk - Native Learning Centre8 min walk
- Collège français French11 min walk
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area M4Y
- Owners / renters
- 29% / 71%
- Median household income
- $62,400
- Average age
- 39
- Children under 15
- 4%
- Homes
- 0% detached, 91% high-rise
- Commute by transit
- 31%
- Population
- 36,319
Languages spoken most at home besides English: Mandarin 7.6%, Korean 1.5%, Spanish 1.3%, Iranian Persian 1%.
Flood and conservation No mapped hazard
Not inside a mapped flood plain or regulated area.
Screening maps only. Ask the conservation authority for a property inquiry before relying on this.
Safety
Major crime per resident in Bay-Cloverhill (2025): about the Toronto average, up 6% from the year before.
- Assault22% below average
- Break and enter51% above average
- Auto theft93% below average
- Robberyabout average
- Theft from vehicles31% below average
- Shootingsnone reported
Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).
Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.
Development nearby 41 active
-
55 ISABELLA ST · 400 mOfficial Plan / Zoning By-law Amendment · Under Review · applied 2026The application proposes to amend the Zoning By-law to permit a 75-storey mixed-use building (250.5 metres including mechanical penthouse) containing 92 square…Application details
-
1075 BAY ST · 300 mOfficial Plan / Zoning By-law Amendment · Council Approved · applied 2025Official Plan & Zoning By-law Amendment to not replace the required office space and instead permit a minimum 1,815 m2 of non-residential space and/or…Application details
-
48 ISABELLA ST · 450 mOfficial Plan / Zoning By-law Amendment · Under Review · applied 2025Combined Official Plan & Zoning By-law Amendment for a 69-storey residential apartment building and will contain a total of 814 dwelling units, including 84…Application details
-
2 CARLTON ST · 400 mSite Plan · Under Review · applied 2025Site Plan application for an 80-storey tower containing 69,448 square metres of residential GFA and 10,037 square metres of non-residential GFA (Non-res GFA…Application details
-
555 YONGE ST · 100 mSite Plan · Under Review · applied 2025Site Plan Approval for a 68 storey mixed-use building. There will be 679 dwelling unit and 45,139 square meters of GFA, including 455 square meters of retail…Application details
-
516 CHURCH ST · 400 mSite Plan · OMB Appeal · applied 2024Site Plan Approval for a 48 storey mixed use building and restoration to the heritage protected properties at 508-510 Church St. Approximately 4390 square…Application details
50 more within 500 m.
Rezoning, site plan, subdivision and condominium applications filed with the city.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.
Living here
Commute
To Union Station (downtown Toronto): 2 km. Transit times · Driving times
Coming transit
- 🚧 Queen 1.5 km
- 🚧 Osgoode 1.5 km
- 🚧 Moss Park 1.7 km
Stations under construction or approved. Opening dates are the latest public estimates and often move.
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
What can be built CR
Commercial Residential (with a site-specific exception).
From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.
Building permits
- Garage Repair/Reconstruction · 2018 · Permit IssuedProposal for concrete repair to existing apartment building.
- Interior Alterations · 2017 · ClosedProposal for interior alterations to unit 1A and 1B for a new restaurant (38 patrons) Scope of work is to install partition, new finishes…
- Interior Demolition · 2016 · ClosedProposal for interior demo back to base build in units 1A and 1B in the existing multiple unit building.
10 permits on this block of the street in the last 2 years.
Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.
Trees
18 City street trees within 100 m, mostly honeys. That’s fewer than the Toronto average of 42.
Trees on City boulevards only, not private yards or parks.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by BAY STREET GROUP INC..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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