507 Queen Street West, Toronto | Image 1

507 Queen Street West

Toronto, Kensington-Chinatown

  • Commercial

$299,000
For Sale

Added 7 hours ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: Business Commerc

  • Age: No Data

  • MLS®#: C11938124

  • Added: Jan 23, 2025 (7 hours ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: ROYAL LEPAGE SIGNATURE REALTY

Busy restaurant on Queen West. Fully built out and newly renovated from a vanilla shell in 2024. This space is easy to run with hands-on ownership. Popular for dine-in and delivery. 1,200 square feet and 30 seats, + Cafe TO patio.10-foot hood, tandoor oven, custom built walk-in. Liquor license has been approved. Great numbers for first year of business, set to accelerate with LLBO sales.

Extras

$10,600 gross rent including TMI. 4 + 5 remaining on the lease. Available for rebranding. No restrictions and no demolition clause, both rare for this part of town.

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: Toronto

  • Community: Kensington-Chinatown

  • Availability Date: TBD

Inside

  • Bathrooms: 1

  • Air Conditioning: Y

  • Washrooms: 1

Utilities

  • Utilities: Available

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Freestanding: N

  • Outside Storage: N

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: N

  • Volts: 400

  • Amps: 200

Parking

  • Garage Type: Street

Fees

  • Tax Year: 2024

  • Tax Legal Description: LT 12 PL 303 CITY WEST; CITY OF TORONTO

  • Taxes Type: T.M.I.

Land

  • Cross Street: Queen & Augusta

  • Municipality District: Toronto C01

  • Sewer: San+Storm

  • Lot Depth: 99.56 Feet

  • Lot Frontage: 8.79 Feet

  • Zoning: Business Commerc

Commercial Specific

  • Number of Employees: 2

  • Rail: N

  • Retail Area: 1200

  • Retail Area Metric: Sq Ft

  • Sprinklers: Y

  • Total Area: 1200

  • Total Area Metric: Sq Ft

  • Hours Open: 12-10:3

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Crane: N

  • Lot Code: Lot

  • Survey: N

  • Seats: 30

  • Soil Test: N

  • Business/Building Name: The Grand Indian Dining

  • Financial Statement: N

  • LLBO: N

Map of 507 Queen Street West, Toronto
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