$89,000
( $49.44Per Sq Foot )
 $478 est/mo Sourced by Back At You

505 Danforth Avenue , Toronto E01, ON M4K 1P5

Toronto E01, ON M4K 1P5

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Description

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.

Details

MLS#E11884208
Listing TypeFor Sale
Sub-TypeResale
StatusSold Conditional
Days On Site74
Listing Provided ByGET HOME REALTY INC. | Not Provided

Features

SQ Feet1,800
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 12 minutes ago
StateON
CountyToronto
CityToronto E01
Zip CodeM4K 1P5
AreaNorth Riverdale
Listing VS Median (in M4K 1P5)
Price:
$89,000
low | high
Med:
$89,000
50% of Average
SqFt:
1,800
low | high
Med:
1,800
50% of Average
$ / SqFt:
$49
low | high
Med:
$49
50% of Average
On Site:
74
low | high
Med:
74.000000
100% of Average
Sourced by Back At You
Listing Updated: February 3, 2025 at 2:52:49 PM PST