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Home ON Greater Toronto Area Toronto Old Toronto North Riverdale
505 DANFORTH AVENUE
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505 DANFORTH AVENUE $50,000
7 days ago
$50,000
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505 DANFORTH AVENUE
Toronto (North Riverdale), Ontario M4K1P5

MLS® Number: E12233905

Listing 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! (40729913)

Location Description

Danforth/Logan

Property Summary

Property Type
Business
Community Name
North Riverdale
Land Size
Unit=20 x 110 FT
Annual Property Taxes
$2,949
Time on REALTOR.ca
7 days

Building

Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Other (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Business
Business Type
Restaurant (Restaurant/pub)

Measurements

Square Footage
1800 sqft

Land

Lot Features
Frontage
20 ft
Land Depth
110 ft
Other Property Information
Zoning Description
Commercial
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
RADHA GUDURU