Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 1 of 37

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 2 of 37

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 3 of 37

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 4 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 5 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 6 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 7 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 8 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 9 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 10 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 11 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 12 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 13 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 14 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 15 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 16 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 17 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 18 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 19 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 20 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 21 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 22 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 23 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 24 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 25 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 26 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 27 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 28 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 29 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 30 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 31 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 32 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 33 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 34 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 35 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 36 of 37

Unlock All 37 Photos

Enter your email for instant access

Sale Of Business for sale at 720 Spadina Avenue, Toronto C01 - Photo 37 of 37

Unlock All 37 Photos

Enter your email for instant access

1 / 37• 34 locked

Active

Unit 111 - 720 Spadina Ave

Toronto C01, ON M5S 2T9

$359,000

Unit 111 - 720 Spadina Ave, Toronto C01 — Listed at $359,000 Sale Of Business. MLS® C12907188.

3,890Sq Ft

Restaurant

Sale Of Business

Description

Amazing opportunity to own an established and fully-renovated shisha & entertainment lounge with a full commercial kitchen. Prime location facing Spadina, with a 17-storey condo building above. Strategically located across from U of T, and steps to the Spadina Subway station. Could be converted to a banquet hall, restaurant & bar, billiards, etc. Full kitchen with exhaust hood, grill, fryers, walk-in freezer, walk-in coolers, prep tables, etc. Long lease 7.5 years + 5 years option to renew. 110 seats + 80 seat patio. Used to have L.L.B.O. - possible to obtain the license again. Don't miss this one! Value priced to sell - Equipment & set-up worth the price!

Price & Status History

Price history is locked

Business Details

Property Sub-TypeSale Of Business

Business TypeRestaurant

Business NameRoyal Lounge

Property UseWithout Property

Occupant TypeOwner

Hours of Operation12pm--3am

FranchiseNo

Chattels IncludedYes

Seating Capacity190

Full-Time Employees5

Financial StatementsAvailable

Showing RequirementsList Brokerage

Possession TypeFlexible

Listing Expires11/30/2026

Commercial Space & Financials

Retail Area3,890 Sq Ft

Property Details

Property TypeSale Of Business

CommunityUniversity

Dir/Cross StBloor/Spadina

Garage TypePay

Heating TypeGas Forced Air Closed

A/CYes

HSTIn Addition To

Listed Date3/22/2026

Days on Market79 days

PossessionImmediate

Your agent: Vick Yogeswaran

REALTOR® · RE/MAX Realtron Realty Inc.

Same-day showings available

Property Insights

Listing Courtesy of: HOMELIFE/BAYVIEW REALTY INC.

MLS® #C12907188

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Thinking about living in Toronto?

Explore the neighbourhood guide for Toronto — market trends, popular areas, buyer tips, and more.

About Toronto Real Estate

This Sale Of Business is located in the University community in Toronto. Toronto is Canada's largest city and the economic hub of the Greater Toronto Area. With world-class transit, diverse neighbourhoods from the Annex to Scarborough, and proximity to major employers in the Financial District, it remains the most sought-after real estate market in Ontario. Buyers benefit from extensive GO Transit and TTC subway connectivity.

TTC subway & streetcar networkWorld-class dining & entertainmentUniversity of Toronto & major hospitals nearbyWaterfront trails & ravine parks

Walkability: Highly walkable — many neighbourhoods score 80+ on Walk Score

View full Toronto neighbourhood guide →