372 Queen Street East, Toronto | Image 1

372 Queen Street East

Toronto, Regent Park

  • Commercial

$499,000
For Sale

Added 1 day ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: Restaurant

  • Age: No Data

  • MLS®#: C11917918

  • Added: Jan 10, 2025 (1 day ago)

  • Updated:

  • Last Checked: 55 minutes ago

  • Listed By: HOMELIFE/FUTURE REALTY INC.

Turn Key Restaurant/Bar Serving Italian Dishes; XL Brand New Forno Bravo Wood Oven Pizza Built-In Downtown Toronto. Sky Scraper Developments Condos And Retail Being Built In Front And Rear Of The Restaurant. Amazing Rent Including TMI $4,500.00; 8 Years Left On A The Lease. Ideal Landlord Will Assume Lease Rent. Restaurant Established In Sept 2022. Gross Sales For 2023 Of$400,000.00. Gross Sales For 2024 Of $500,000.00 Have Bank Statements/POS System To Support. Absentee Owner/Manager, Great Potential To Increase Sales If Owner/Operator Is Present At The Establishment. Recently Renovated Top To Bottom In 2022. Enormous Oversize Gourmet Kitchen With Walk In Fridge And Walk In Freezer. 3 Office Rooms Space Available In The Basement Great Potential To Rent In Downtown Toronto.

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: Toronto

  • Community: Regent Park

  • Availability Date: TBA

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Open

  • Elevator: None

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2025

  • Taxes Type: T.M.I.

Land

  • Cross Street: Queen St E & Parliam

  • Municipality District: Toronto C08

  • Sewer: Sanitary

  • Zoning: Restaurant

Shipping Doors

  • Clearing Height (ft): 11

Commercial Specific

  • Number of Employees: 10

  • Rail: N

  • Retail Area: 1400

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 1400

  • Total Area Metric: Sq Ft

  • Hours Open: 11AM -1

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Unit

  • Seats: 45

  • Financial Statement: Y

  • LLBO: Y

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