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Active

942 Queen St W

Toronto C01, ON M6J 1G8

$288,000

942 Queen St W, Toronto C01Listed at $288,000, 4 bathroom Sale Of Business. MLS® C12373356.

4Baths
1,115Sq Ft
Restaurant
Sale Of Business

Description

Fonda Lola Turnkey Mexican Bistro with Patios in Prime Queen West An exceptional opportunity to own a thriving, fully licensed restaurant in the heart of one of Toronto's trendiest neighborhoods. Offering 1,115 sq ft of interior space with seating for 40guests inside, plus a beautifully landscaped rear patio with capacity for 40 guests. During the summer, take advantage of Cafe TO additional 20 seats, bringing total capacity to 100.Liquor License (LLBO): 40 interior / 40 patio/20 Cafe TO Full Commercial Kitchen New 5-Year Lease in place until July 2030Net Rent: $6,500/month + TMI. Very favorable renewal terms in lease. Fully equipped basement with 4 washrooms, an office, and ample storage Fonda Lola is a well-loved casual bistro known for its vibrant atmosphere, sustainable ingredients, and fresh, locally sourced Mexican cuisine and cocktails. This is a rare turnkey opportunity in a high-traffic, high-visibility location. Perfect for a chef-driven concept or experienced operator looking to capitalize on a vibrant, loyal local clientele and a strong seasonal patio presence.

Price & Status History

Price history is locked

Business Details

Property Sub-TypeSale Of Business
Business TypeRestaurant
Business NameFonda Lola Mexican Bistro
Property UseWithout Property
Occupant TypeOwner
Hours of OperationM-F 5-10, Sat 12-1030, Sun 12-9 (hours vary seasonally)
FranchiseNo
Chattels IncludedYes
Seating Capacity40
Full-Time Employees10
Financial StatementsAvailable
Showing RequirementsGo Direct
Possession Type30-59 days
Listing Expires7/31/2026

Commercial Space & Financials

Retail Area1,115 Sq Ft

Property Details

Property TypeSale Of Business
CommunityTrinity-Bellwoods
Washrooms4
Lot Size1,674 sq ft
Lot Dimensions18.88 × 92.56 ft
Lot Size Area1,674 sqft (MPAC)
Dir/Cross StShaw St.
Garage TypeNone
Heating TypeElectric Hot Water
A/CYes
HSTIn Addition To
SecurityPartial
Listed Date9/2/2025
Days on Market280 days

Virtual Tour

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Vick Yogeswaran - REALTOR

Your agent: Vick Yogeswaran

REALTOR® · RE/MAX Realtron Realty Inc.

Same-day showings available

Property Insights

Listing Courtesy of: REMAX CONNECT REALTY

MLS® #C12373356

TRREBMLS®

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.

© 2026 Toronto Regional Real Estate Board. All rights reserved.

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About Toronto Real Estate

This Sale Of Business is located in the Trinity-Bellwoods 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
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