$150,000
For sale: Other

Turnkey Restaurant Opportunity In A Prime Downtown Toronto Location! Ideally Situated Just Steps From The University Of Toronto, OCAD University, Hospitals, Offices And High-Density Residential Neighbourhoods. This Well-Established Restaurant Offers Approximately 1,500 Sq. Ft. With Seating For 34 Guests And An LLBO Licence. A Rare Opportunity To Take Over An Existing Restaurant Operation With An Exceptionally Affordable Rent Of Only $3,086.99/Month Including TMI. Functional Layout With Excellent Potential To Continue The Current Concept Or Convert To Another Restaurant Concept, Subject To Landlord Approval. Ideal For Both Experienced Operators And New Entrepreneurs Looking To Establish A Presence In One Of Downtown Toronto's Most Desirable And High-Traffic Areas. Owner Retiring. Excellent Value And Priced To Sell!
Sold data
Homes in Kensington Chinatown took a median of 31 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 64, across 46 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.
The median sale price was $614,400.
Homes sold for about 4.6% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 20% of sellers reduced their price before finding a buyer.
Based on 46 recorded sales in the last 90 days — 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.
Currently for sale

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