Active

505 Danforth Ave

Toronto Ontario, M4K 1P5

$289,000


Active

Other

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.

E8354420

MLS ID

July 13, 2024

Updated

Map

505 Danforth Ave
Toronto Ontario, M4K 1P5

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Y


Heating

Yes


Heating Description

Gas Forced Air Closd

Exterior/Building Features

Lot Size

0.05 Acres


Sewer

Sanitary

Other Property Details

Area Name

North Riverdale


Garage

No


Parking

None


View

No


County

Ontario


Municipality

Toronto


Water Source

Municipal


Pool

No


Zoning

Commercial

 

Courtesy of Listed by , GET HOME REALTY INC.,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2024 Toronto Real Estate Board. All rights reserved. 

Data last updated 4:57 PM UTC, 7/13/2024

 

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