382 SPADINA AVENUE
Toronto (Kensington-Chinatown), Ontario
MLS® C14161452
$139,900
- Status
- Active
- Property type
- Business
- MLS® number
- C14161452
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 3Listing 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.
Property summary
- MLS® number
- C14161452
- Property type
- Business
- Leasable Area
- 1,000 sq ft
- Annual property taxes
- $1.00
- Days on market
- 0 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $139,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of BAY STREET GROUP INC., MARKHAM.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.