505 Danforth Avenue, Toronto | Image 1

505 Danforth Avenue

Toronto, North Riverdale

  • Commercial

$89,000
For Sale

Added 4 months ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: Commercial

  • Age: No Data

  • MLS®#: E11884208

  • Days on Site: 61 Days

  • Added: Dec 05, 2024 (4 months ago)

  • Updated:

  • Last Checked: 4 weeks ago

  • Listed By: GET HOME REALTY INC.

Turnkey Restaurant for Sale in Greek Town Extensively renovated Indian cuisine restaurant at the prime AAA+ location of Danforth and Logan, right in the midst of Greek Town. Licensed for 124 patrons inside and 12 on the front patio. Features a fully built-out main floor and basement, with all chattels and equipment included. Total space is 1,800 sqft with 4 years remaining on the lease and an option to renew. This well-kept, like-new, and very well-established restaurant experiences heavy daily foot traffic and high take-out volume from both loyal and new customers, including tourists. Conveniently located with easy parking available on multiple nearby streets. Highlights:- Fully equipped kitchen with 11' exhaust hood, full range, walk-in cooler, and more; Significant investment made in kitchen build-out and leasehold improvements; Excellent structural integrity with all mechanical systems in great shape and 3-phase power; Licensed for 124 patrons inside, with an additional 12 on the front patio; Garage-style frontage that opens the dining room to the street; Currently operating as a successful Indian restaurant, but the space is adaptable to various concepts and styles of cuisine; Strong lease in place with a current rent of $10,112 per month, inclusive of TMI and HST; Four years remaining on the lease with options to renew.

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: Toronto

  • Community: North Riverdale

  • Availability Date: IMMEDIATE

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Available

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Elevator: None

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 1 PL 9E TORONTO AS IN CT492289; CITY OF TORO

  • Taxes Type: T.M.I.

Land

  • Cross Street: Danforth/Logan

  • Municipality District: Toronto E01

  • Parcel Number: 210620264

  • Sewer: Sanitary

  • Lot Depth: 110 Feet

  • Lot Frontage: 20 Feet

  • Zoning: Commercial

Commercial Specific

  • Number of Employees: 3

  • Rail: N

  • Retail Area Metric: Sq Ft

  • Sprinklers: Y

  • Total Area: 1800

  • Total Area Metric: Sq Ft

  • Hours Open: 12

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Unit

  • Seats: 136

  • Financial Statement: N

  • LLBO: Y

Map of 505 Danforth Avenue, Toronto
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