$225,000
Available - For Sale
Listing ID: C13611406
464 Sherbourne Street , Toronto, M4X 1K2, Toronto
| 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. |
| Price | $225,000 |
| Taxes: | $0.00 |
| Tax Type: | N/A |
| Occupancy: | Tenant |
| Address: | 464 Sherbourne Street , Toronto, M4X 1K2, Toronto |
| Postal Code: | M4X 1K2 |
| Province/State: | Toronto |
| Legal Description: | Pcl59-2 Sec Ad30; Pt Lt59 Pl D30 Toronto |
| Directions/Cross Streets: | Sherbourne St & Wellesley |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Without Property |
| Use: | Restaurant |
| Building Percentage: | T |
| Total Area: | 1344.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Area Influences: | Recreation/Comm Subways |
| Approximatly Age: | 51-99 |
| Financial Statement: | F |
| Chattels: | T |
| Franchise: | F |
| Days Open: | O |
| Hours Open: | Monday |
| Employees #: | 7 |
| Seats: | 40 |
| Sprinklers: | No |
| Washrooms: | 2 |
| Clear Height Feet: | 9 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary |
| Water: | Lake/Rive |
| Water Supply Types: | Lake/River |
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| GET HOME REALTY INC. |
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|
Rocky Li
Realtor
Dir:
416-567-3688
Bus:
905-604-6855
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Toronto |
| Municipality: | Toronto C08 |
| Neighbourhood: | Cabbagetown-South St. James Town |
| Approximate Age: | 51-99 |
| Baths: | 2 |
| Fireplace: | N |
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