RESTAURANT BUSINESS FOR SALE | PRIME DOWNTOWN TORONTO LOCATION | APPROX. 1,500 SQ. FT. MAIN FLOOR + 1,000 SQ. FT. BASEMENT | APPROX. 40-SEAT CAPACITY | MONTHLY RENT $5,537 INCLUDING HST & TMI | 5(2.5 Left) + 5 YEAR LEASE | EXCELLENT TRANSIT ACCESSExcellent opportunity to acquire a restaurant business in a highly connected and densely populated downtown Toronto neighbourhood. The premises feature approximately 1,500 sq. ft. on the main floor, plus approximately 1,000 sq. ft. of basement space, with seating for approximately 40 guests.Affordable monthly rent of approximately $5,537, including HST and TMI. Approximately 2.5 years of the current lease term have been completed, with a 5-year term plus a further 5-year renewal option. Buyer and buyer's agent to independently verify all lease terms, measurements and permitted uses.Located steps from street-level transit and approximately a 9-minute walk from Sherbourne Subway Station. Surrounded by high-density residential communities, schools, parks, community facilities, hospitals and everyday amenities, offering strong potential for dine-in, takeout and food-delivery operations.An excellent opportunity for an owner-operator or experienced restaurateur looking to establish or expand their business in a central Toronto location. Please do not go direct or speak with employees. All showings and inquiries must be arranged through the listing brokerage.
Address
464 Sherbourne Street
List Price
$225,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Sale Of Business
Transaction Type
Sale
Area
Toronto C08
Sub-Area
Cabbagetown-South St. James Town
Region
Toronto
Bathrooms
2
Lot Depth
84.01
Lot Type
Unit
Lot Size Units
Feet
Lot Width
16
Parcel Number
211070002
Total Building Area
1344
Occupant Type
Tenant
Cross Street
Sherbourne St & Wellesley
Approx. Age
51 - 99 Years
MLS® Number
C13611406
Listing Brokerage
GET HOME REALTY INC.
Basement
Yes
Postal Code
M4X 1K2
Posession Details
TBD
Tax Year
2026
Site Influences
Recreation/Community Centre, Subways
Community Features
Recreation/Community Centre, Subways
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heating
Yes
Heat Type
Gas Forced Air Closed
Cooling
Yes
Cooling Features
Yes
UFFI
No
Garage Type
None
Tax Legal Description
Pcl59-2 Sec Ad30; Pt Lt59 Pl D30 Toronto Parts 2-6
Security Features
No
Water Source
Lake/River
Sewer
Sanitary
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