1993 Yonge Street, Toronto | Image 1

1993 Yonge Street

Toronto, Mount Pleasant West

  • Commercial

$129,900
For Sale

Added 4 months ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: CR3

  • Age: No Data

  • Taxes: 36192

  • MLS®#: C9032352

  • Days on Site: 126 Days

  • Added: Jul 09, 2024 (4 months ago)

  • Updated:

  • Last Checked: 5 hours ago

  • Listed By: VENTURE REAL ESTATE CORP.

Rare investment opportunity in the heart of Midtown, just steps away from Yonge and Eglinton. This turnkey restaurant and bar, licensed by the L.L.B.O. for 64 patrons, is situated in a high foot traffic area surrounded by high-profile businesses and existing and developing condos.The property features a fully renovated and equipped dining area, an upstairs bar, and an outdoor patio, all with high ceilings. The full basement includes a prep area, walk-in fridge, storage, and bathrooms. The main floor offers a fully furnished dining room, an outdoor patio, and a fully equipped main kitchen. The upper floor boasts a full bar/lounge area, bathrooms, and a staff room. Lease terms include 3+ years remaining with options for two additional 5-year extensions. Monthly net rent is $5500.* EXTRAS * The building is newly renovated with numerous upgrades. All chattels, equipment, furniture, and modern dinnerware are included - a list is available upon request. The restaurant has a very high rating. The owner is willing to provide training.

Extras

LLBO license for 64 patrons with outdoor patio, list of chattels, equipment available upon request. Owner willing to train.

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: Toronto

  • Community: Mount Pleasant West

  • Availability Date: 30 Days/TBA

Inside

  • Air Conditioning: Y

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Open

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 5 PL 1789 TORONTO AS IN CA264379; T/W & S/T CA264379; S/T

  • Taxes: $36,192

  • Taxes Type: T.M.I.

Land

  • Cross Street: Yonge & Eglinton

  • Municipality District: Toronto C10

  • Parcel Number: 211330309

  • Lot Depth: 85 Feet

  • Lot Frontage: 15.41 Feet

  • Zoning: CR3

Additional Media

  • Virtual Tour: https://dbphotographytours.my.canva.site/1993yongest

Commercial Specific

  • Number of Employees: 4

  • Retail Area: 2184

  • Retail Area Metric: Sq Ft

  • Total Area: 2184

  • Total Area Metric: Sq Ft

  • Hours Open: 5-10 pm

  • Area Influence: Major Highway

  • Area Influence: Public Transit

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Seats: 64

  • Business/Building Name: Chandelier Fine Dine

  • Financial Statement: N

  • LLBO: Y

Map of 1993 Yonge Street, Toronto
7-8

Spectrum Alternative Senior School

Elementary: Public
0.20 km
JK-8

St Monica Catholic School

Elementary: Catholic
1.05 km
7-8

Hodgson Senior Public School

Elementary: Public
0.96 km
JK-6

John Fisher Junior Public School

Elementary: Public
1.26 km
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Davisville Junior Public School

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0.21 km
JK-6

Eglinton Junior Public School

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0.98 km
9-12

Msgr Fraser College (Midtown Campus)

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0.69 km
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Forest Hill Collegiate Institute

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1.98 km
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Marshall McLuhan Catholic Secondary School

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North Toronto Collegiate Institute

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1.04 km
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Lawrence Park Collegiate Institute

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Northern Secondary School

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1.23 km
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