505 Danforth Ave

Toronto, Ontario, M4K 1P5

$ 89,000

505 Danforth Ave

$ 89,000

Toronto, Ontario, M4K 1P5

Overview

Updated On:

February 4, 2025 11:58 PM

0 Bedrooms

0 Bathrooms

$ 89,000 Price

Listing Description

Turnkey Restaurant for Sale in Greek Town Extensively renovated Indian cuisine restaurant at the prime AAA+ location of Danforth and Logan, right in the midst of Greek Town. Licensed for 124 patrons inside and 12 on the front patio. Features a fully built-out main floor and basement, with all chattels and equipment included. Total space is 1,800 sqft with 4 years remaining on the lease and an option to renew. This well-kept, like-new, and very well-established restaurant experiences heavy daily foot traffic and high take-out volume from both loyal and new customers, including tourists. Conveniently located with easy parking available on multiple nearby streets. Highlights:- Fully equipped kitchen with 11' exhaust hood, full range, walk-in cooler, and more; Significant investment made in kitchen build-out and leasehold improvements; Excellent structural integrity with all mechanical systems in great shape and 3-phase power; Licensed for 124 patrons inside, with an additional 12 on the front patio; Garage-style frontage that opens the dining room to the street; Currently operating as a successful Indian restaurant, but the space is adaptable to various concepts and styles of cuisine; Strong lease in place with a current rent of $10,112 per month, inclusive of TMI and HST; Four years remaining on the lease with options to renew.

Address

Address:  505 Danforth Ave

City: Toronto

State: Ontario

Zip: M4K 1P5

Area: Toronto

Community: North Riverdale

Directions: Danforth/Logan

Details

Property Id: E11884208

Property Type: Commercial

Building Type: Sale Of Business

Price: $ 89,000

Bedrooms: 0

Bathrooms: 0

Rooms: 0

On Site: February 5, 2025

Additional Information

Tax: $ 0

Tax Year: 2024

Utilities: Any

Retirement: No

Basement: Y

Zoning: Commercial

Features

Heating

 Gas Forced Air Closd

Cooling

 Air Conditioning

Water

 Municipal Water

Parking

 Parking Spaces: 0

 Garage Spaces: 0

Utilities

 Sanitary

Map

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