$328,888
For sale: Other

LOCATION LOCATION LOCATION! *** Summer is just around the corner- start out with a bang ** Exceptional TURNKEY restaurant opportunity in the heart of Downtown Toronto. ***constant pedestrian traffic*** Prime high-traffic location steps from the University of Toronto and Toronto's vibrant Chinatown, benefiting from strong pedestrian traffic generated by students, faculty, residents, office workers, and visitors year-round. Features approximately 120 indoor seats plus a *** large OUTDOOR PATIO***, offering excellent capacity for dine-in service, private events, and group functions. ***LLBO*** licensed and fully equipped with a commercial kitchen, making it ideal for immediate operation. Strong demographic fundamentals, consistent customer traffic **Excellent visibility and accessibility, surrounded by dense residential communities, educational institutions, retail businesses, and major transit routes. The established layout and infrastructure provide a seamless transition for a new owner or the opportunity to introduce a new concept with minimal startup costs. Significant growth potential through catering, delivery, private events, corporate functions, and extended operating hours. A rare opportunity for owner-operators, restaurateurs, hospitality groups, or investors to acquire a high-capacity licensed restaurant with a large patio in one of Toronto's most sought-after dining destinations. Ample of parking around the area.
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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