402 Danforth Avenue, Toronto | Image 1

402 Danforth Avenue

Toronto, Playter Estates-Danforth

  • Commercial

$499,999
For Sale

Added 1 week ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: CR3 (c2.5; r 2.5

  • Age: 31-50 years

  • MLS®#: E8245316

  • Days on Site: 10 Days

  • Added: Apr 17, 2024 (1 week ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: CENTURY 21 LEADING EDGE REALTY INC.

The renowned and VERY popular MEGAS Restaurant and event space is looking for its new lucky owner. With an already established name for itself and one of the original Greek restaurants to dig its roots on the Danforth, the new owner can enjoy a turnkey business that produces excellent revenue. Loyal customers have been enjoying over 3500 sq ft of eatery, lounge, patio and premium event space for private functions for over 30 years. Live music, authentic Greek food and a fan favorite for takeout/delivery makes this a truly once in a lifetime opportunity. Fully renovated, Fully equipped, Fully staffed, devoted clientele and retiring sellers willing to pass on their legacy. Willing to train new owners. Seeing is believing so come on by!

Extras

Existing Lease assumable by new buyers.

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Age: 31-50

  • Area: Toronto

  • Community: Playter Estates-Danforth

  • Availability Date: Flexible-TBD

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Available

Building

  • Basement: N

  • Heat Type: Gas Forced Air Open

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: Y

Parking

  • Garage Type: Public

Fees

  • Tax Year: 2024

  • Tax Legal Description: PCL 33-3 SEC M126; PT LT 33 PL M126 TORONTO PT3,66R16682 T/W PT

  • Taxes Type: N/A

Land

  • Cross Street: Danforth And Chester

  • Municipality District: Toronto E03

  • Parcel Number: 103970153

  • Lot Depth: 88.72 Feet

  • Lot Frontage: 19.69 Feet

  • Zoning: CR3 (c2.5; r 2.5

Additional Media

  • Virtual Tour: https://vendettamediagroup.vids.io/videos/ea90d5b1111ceac363/402-danforth-ave

Commercial Specific

  • Number of Employees: 15

  • Retail Area: 3000

  • Retail Area Metric: Sq Ft

  • Total Area: 3500

  • Total Area Metric: Sq Ft

  • Hours Open: Varies

  • Area Influence: Public Transit

  • Area Influence: Subways

  • Days Open: 6

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Building

  • Seats: 160

  • Business/Building Name: Megas Restaurant

  • Financial Statement: Y

  • LLBO: Y

Map of 402 Danforth Avenue, Toronto
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