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For saleMLS® E14095890

14 Tower Drive, Toronto, ON M1R 3N9

Wexford-Maryvale · E04 · M1R 3N9

$129,000

$99 / sq ft

2 weeks on market

Total area
1,300 sf
Lot
80.7 × 0 ft

What's special

  • Plaza garage
  • Yes

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About this property

A truly unique business opportunity in Scarborough! This well-established hookah/shisha lounge offers an inviting atmosphere and excellent potential for an owner-operator looking to grow an established business. Situated in a desirable location surrounded by successful businesses, the lounge benefits from strong Google reviews. The approximately 1,250 sq. ft. premises accommodate around 40 patrons and feature a well-equipped setup, with ample parking available for approximately 15-20 vehicles. Monthly rent is approximately $4,680, including TMI and HST, and the landlord is willing to maintain this rate for four years, subject to lease terms. A basement with good ceiling height offers potential to expand the usable business space, subject to necessary approvals and permits. An exciting opportunity to build on an established business in a thriving Scarborough location!

Property details

Property

Property type
business
Interior size
1,300 sq ft
Zoning
CR2.5(c2.5;r2.1)*719)
Possession
Flexible

Interior

Heating
Gas Forced Air Open
Cooling
Yes

Exterior & services

Garage
Plaza
Sewer
Sanitary

Costs

List price
$129,000
Price per sq ft
$99

Listing

MLS® number
E14095890
Status
For sale
Listed
October 19, 2026
Days on market
16
Last updated
October 22, 2026
Listing brokerage
RE/MAX HALLMARK REALTY LTD.

Price & sale history

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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 64% of comparable business for sale listings in Wexford-Maryvale are asking less.

$68KMedian $110K$159K

Based on 11 comparable active business for sale listings in Wexford-Maryvale. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $6,450
$6,450
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$677.60
Estimated monthly
$678

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
$1,015
Toronto municipal
$1,015
Total due on closing
$2,030

An estimate on the asking price of $129,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX HALLMARK REALTY LTD.. 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.

$129,000

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