120 Lower Sherbourne Street
Toronto C08, ON
1 bath • Sale Of Business • 317 days on market
Discover a fantastic opportunity to own a well-established and highly successful hair salon in the heart of downtown Toronto's St. Lawrence community. This beautifully maintained, cozy, and inviting salon has been operating at the same location for 30 years, with the current owner proudly running it for more than 12 years. Now, as the owner retires, this beloved business is ready for its next chapter. Perfectly situated just a short walk from the St. Lawrence Market, the salon enjoys prime street-level exposure on Lower Sherbourne Street, offering exceptional visibility and consistent foot traffic. The surrounding area is bustling with residential and commercial activities, including two new condominium towers with 1,500+ units nearby and even more developments underway creating a tremendous opportunity to grow an already loyal client base. The salon currently serves over 400 loyal clients built over decades of exceptional service, with the outgoing owner willing to personally introduce and refer clientele to the new owner, ensuring a smooth transition and continued success. The space offers flexibility for additional services such as spa or nail treatments, with significant potential for revenue growth through extended hours or added services. Monthly lease: Only $2,200/month + TMI $100/month. Lease term: 3 years remaining with easy renewal for a proper candidate. 1 Parking space included, additional parking available at extra cost. Don't miss your chance to make this proven, thriving business your own.
Listing Details
- Taxes (2024)
- $1,200
- Originally Listed
- $62,700
- Listed
- October 8, 2025
Price History
Property
- Lot Size
- 30 x 19 Feet
Location & Legal
- Cross Street
- Front St. E & Lower Sherbourne St.
- Zoning
- Commercial/retail
- Possession
- Flexible
Commercial
- Business Type
- Hair Salon
- Occupancy
- Owner
Included
- Inclusions
- All existing light fixtures, four styling stations, one washing sink, one heating machine, stools, reception desk, chairs, cabinets, shelves.
- Exclusions
- All personal tools and belongings, including computer, printer, hair products, colours, scissors, and combs. Note: Products may be purchased separately.
Community
Postal area M5A
- Population
- 48,978
- Private dwellings
- 30,508
- Median age
- 36.4
- Average household size
- 1.8
- Median household income
- $71,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Toronto C08 · last 12 months
- Median sold price
- $595,000
- Homes sold
- 1,639
- Median days on market
- 28
- Sale-to-list price
- 97.4%
Based on 1,639 recorded sales of commercial properties in Toronto C08 over the last 12 months.
Listed by
HOMELIFE LANDMARK REALTY INC.