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For saleMLS® C13242454

181 University Avenue G20, Toronto, ON M5H 3M7

Bay Street Corridor · C01 · M5H 3M7

$100,000

$256 / sq ft

5 months on market

Total area
391 sf
0

What's special

  • Yes

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About this property

Excellent downtown Toronto location, directly across from Shangri-La Hotel and steps from the Hilton Hotel and Financial District, and the PATH system. Walk Score and Transit Score of 100. Long-established Platis Cleaners Dry Cleaning & Alterations with over 60 years of history and a strong reputation. High-traffic area with great growth potential. Approx. 80% dry cleaning , 20% alterations. Seller has operated the business for 12 years and is now preparing to retire. Independently operated business with no franchise agreement, no franchise fees, and no ongoing franchise obligations. A new lease may be available for a qualified buyer, subject to landlord approval. Very favourable occupancy costs compared to many other downtown Toronto locations. Great opportunity for an owner-operator, especially with alteration experience.

Property details

Property

Property type
business
Interior size
391 sq ft
Zoning
Commercial
Possession
TBD

Interior

Heating
Gas Forced Air Open
Cooling
Yes

Costs

List price
$100,000
Property taxes
$14,208 / year (2026)
Price per sq ft
$256

Listing

MLS® number
C13242454
Status
For sale
Listed
June 4, 2026
Days on market
153
Last updated
November 4, 2026
Listing brokerage
HOME STANDARDS BRICKSTONE REALTY

Price & sale history

This property's sale history is hidden

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 42% of comparable business for sale listings in Bay Street Corridor are asking less.

$64KMedian $120K$220K
This home
$256 / sq ft
Comparable median
$150 / sq ft

Based on 26 comparable active business for sale listings in Bay Street Corridor. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $5,000
$5,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$525.27
Property tax (est.)
$1,184.00
Estimated monthly
$1,709

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$725
Toronto municipal
$725
Total due on closing
$1,450

An estimate on the asking price of $100,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of HOME STANDARDS BRICKSTONE REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$100,000

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