$199,000
For sale: Other

Fantastic opportunity to acquire a fully equipped restaurant in a busy and growing Etobicoke neighbourhood. Operating for 13 years, and past recipient of the GEM of Etobicoke-Lakeshore award for "Best Retail Business - Food", this Asian-Latin fusion restaurant has become a neighbourhood staple with an established and loyal customer base. The space offers a warm and distinctive dining atmosphere with stone accent walls and a substantial bar/service area. The well-designed layout features a commercial kitchen with an 8-foot exhaust hood and cooking equipment, a dedicated dishwashing area, additional storage, two washrooms, and an inviting front patio. Licensed for 42 patrons under the existing LLBO licence, including 30 indoors and 12 on the patio. The sale includes an extensive list of restaurant equipment, furnishings, and chattels. An excellent turnkey opportunity to continue the existing operation, while also offering a new operator the flexibility to introduce their own concept without having to start from scratch. Free parking is available at the rear of the property, with convenient direct access through the restaurant's rear entrance - great for deliveries and day-to-day operations. Ideally located just steps from Dundas St W and Burnhamthorpe Rd, surrounded by established residential neighbourhoods and numerous existing and upcoming condominium developments. An excellent opportunity to take over an established restaurant in a location poised for continued growth.
Sold data
Homes in Islington City Centre West took a median of 24 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 50, across 155 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 53 days.
The median sale price was $599,900.
Homes sold for about 3.3% below asking on average, so there was room to negotiate.
About 14% of sales closed above the list price.
Around 14% of sellers reduced their price before finding a buyer.
Based on 155 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto (Islington-City Centre West) 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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