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Home ON Greater Toronto Area Toronto Old Toronto North Riverdale
505 DANFORTH AVENUE
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505 DANFORTH AVENUE $89,000
$89,000
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505 DANFORTH AVENUE
Toronto (North Riverdale), Ontario M4K1P5

MLS® Number: E11884208

Listing 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. (39603228)

Location Description

Danforth/Logan

Property Summary

Property Type
Business
Community Name
North Riverdale
Land Size
Unit=20 x 110 FT
Annual Property Taxes
$0
Time on REALTOR.ca
12 days

Building

Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Business
Business Type
Restaurant (Restaurant/pub)

Measurements

Square Footage
1800 sqft

Land

Lot Features
Frontage
20 ft
Land Depth
110 ft
Other Property Information
Zoning Description
Commercial
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
VISHNU BODA