505 DANFORTH AVENUE new Save Request In-Person Tour Request Virtual Tour
Toronto (north Riverdale),ON M4K1P5
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $27
Subdivision North Riverdale
MLS Listing ID E12233905
Source Toronto Regional Real Estate Board
Property Description
Incredible opportunity to acquire a fully built-out, vacant restaurant setup in the heart of Toronto's Danforth corridor. This asset-only sale includes not only a full range of commercial kitchen equipment but also valuable leasehold improvements offering major savings in buildout costs and time-to-launch. Licensed for 124 seats inside plus 12 on the patio, with a flexible dining layout, service bar, and garage-style glass door opening onto the street. The space has been professionally outfitted and is turnkey-ready, including a hood system, walk-in cooler, dual stock pot burner, flat-top griddle, 6-burner range, fryers, line fridges, freezers, and dishwasher all included AS IS. Ideal for ghost kitchens, dine-in restaurants, concept kitchens, or sports bar concepts. Steps from transit, surrounded by dense residential, and located on one of Toronto's busiest commercial strips. Benefit from year-round pedestrian traffic and major seasonal exposure during the Taste of the Danforth Festival. Lease runs until October 31, 2025. Current Base Rent is 6250 and TMI is 2949 per month Before taxes. Flexibility to negotiate new lease terms directly with landlord. A rare opportunity to acquire high-value infrastructure and leasehold improvements at a fraction of the cost of building new in a top-tier location. All pictures are taken when business was running. Flexible closing available. Do Not Miss This Opportunity! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Sanitary sewer