505 Danforth Ave

Toronto, M4K1P5
For Sale
$149,000
505 Danforth Ave, Toronto
505 Danforth Ave
505 Danforth Ave
505 Danforth Ave
505 Danforth Ave
505 Danforth Ave
505 Danforth Ave
505 Danforth Ave
505 Danforth Ave
505 Danforth Ave
505 Danforth Ave
505 Danforth Ave
505 Danforth Ave
505 Danforth Ave
Without Property
CATEGORY
1,800 Sq Ft
TOTAL AREA
E9346828
MLSID
Contact Us
Property 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.
Property Details
Category
Without Property
Usage
Restaurant
Zoning
Commercial
Total Area
1,800 Sq Ft
Lot Size
20' x 110'
Air Conditioning
Yes
Listing contracted with Get Home Realty Inc.
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