505 Danforth Avenue Sold Invalid date

Toronto, North Riverdale, M4K 1P5

$289,000$000000

Description

Listed by GET HOME REALTY INC..

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.

Location

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  • Address: 505 Danforth Avenue
  • Neighborhood: North Riverdale
  • City: Toronto
  • State: Ontario
  • Postal Code: M4K 1P5

Property Details

  • Property ID: E8354420
  • Property Price: $289,000
  • Style: Sale Of Business, Without Property
  • A/C: Y
  • Basement: Y
  • Heating: Gas Forced Air Closd
  • Taxes: $0.00 (2024)
  • Lot: 110.00x20.00 (Feet)

Property History

This property has been sold 7 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100

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