$102,700
FOR SALE

Business for Sale

Hair Salon

Lot: 30 x 19 ft
2024 Taxes: $1,200

120 Lower Sherbourne St
Toronto, ON M5A 4J4 | Waterfront Communities C8

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.
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Listed By HOMELIFE LANDMARK REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C12455710
Last Updated Jan 19, 2026
Property Summary
Property Type Business For Sale

More like this:
Use Hair Salon
Franchise Non-Franchise
Possession Date TBD
Taxes (2024) $1,200
Directions/Cross Streets Front St. E & Lower Sherbourne St.
Neighbourhood Waterfront Communities C8
Area Toronto
Price History

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Detailed Information
Bathrooms 1
Lot 30 x 19 ft
Air Conditioning Yes
Garage Type Outside/Surface
Parking Spaces 1
Heat Type Electric Forced Air

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