$258,000
For sale: Other

Location! Location! Location!Rare Opportunity to Own a Well-Established and Highly Recognized Restaurant in the Heart of Chinatown, Downtown Toronto, Just Steps to Spadina Ave, Dundas St W and the Art Gallery of Ontario (AGO). This Iconic Restaurant Has Been Successfully Operating for Over 15 Years and Has Built a Strong Reputation with Loyal Local Customers, Students, Office Workers and Tourists from Around the World.Fully Equipped Commercial Kitchen Featuring a Large Commercial Exhaust Hood System, Huge Walk-In Cooler and Walk-In Freezer, Extensive Food Preparation Areas, Ample Storage Space, and Significant Capital Improvements Invested by the Current Owner. Turnkey Operation with Excellent Sales and Strong Cash Flow.Situated in One of Toronto's Busiest Pedestrian and Tourist Corridors with Exceptional Exposure and Constant Foot Traffic Year-Round. Strong Existing Customer Base and Outstanding Online Reputation.Don' Miss This Exceptional Opportunity - Low Rent !Must See!
Sold data
Other homes in Toronto (Kensington-Chinatown) took a median of 36 days to sell over the last 365 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 89, across 32 recorded sales.
The median sale price was $67,500.
Homes sold for about 8.2% below asking on average, so there was room to negotiate.
About 6% of sales closed above the list price.
Around 16% of sellers reduced their price before finding a buyer.
Based on 32 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto (Kensington-Chinatown) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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