382 Spadina Avenue
Toronto C01, ON M5T 2G5
Price
$139,900
Building Size
1,000 sq ft
MLS# C14161452 | Listed by BAY STREET GROUP INC.
Business Details
Business Type
Restaurant
Property Use
Without Property
Franchise
No
Commercial Space & Financials
Retail Area
1,200 sq ft
Taxes (Annual)
$1
Property Description
Prime Turnkey Restaurant Opportunity on Spadina Ave near Dundas St W, right where Downtown Toronto's Chinatown meets Kensington Market! Surrounded by U of T, OCAD, major hospitals, and steps to the 510 Spadina streetcar with non-stop year-round foot traffic. Approx. 1,200 sq. ft. across the main floor and full basement, featuring an existing dine-in and high-volume takeout/delivery layout, full commercial kitchen with exhaust hood system, walk-in cooler/freezer, and spacious lower-level prep and storage area. Currently operating as a popular Chinese BBQ concept and easily adaptable to noodles, hotpot/malatang, ramen, Korean/Japanese, or other food concepts. Rare long-term lease security: current lease runs until June 14, 2031 plus one 5-year renewal option (to 2036). Attractive downtown rent at $6,500/month Base Rent + approx. $2,500/month TMI ($9,000/month + HST). Asking $139,900 for business and equipment only. Inventory is extra and valued at closing. Do not approach staff directly.
Price & Status History
Price history is locked
Location
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382 Spadina Avenue, Toronto C01 M5T 2G5
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Listing Courtesy of: BAY STREET GROUP INC.
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