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$ 149,000
Est. payment /mo
Price Dropped by $50K
283 College ST Toronto C01, ON M5T 1R9
2 Baths
1,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $149
Subdivision University
MLS Listing ID C12269674
Tax Year 2024
Property Sub-Type Sale Of Business
Property Description
Charming restaurant in the heart of downtowns busy College & Spadina corridor. This corner location has excellent street presence and consistent foot traffic day and night. This new space has already reached profitability in under a year. A rare find for an owner-operator or investor looking for a turnkey opportunity in a high-demand neighbourhood. Well maintained and easy to manage, this is a tightly run operation that functions with minimal staff. Ideal setup for bubble tea, dessert, coffee, or pizza slice shop. The full basement offers ample storage space and added functionality for back-of-house needs. Please do not go direct or speak to staff. $5,900 gross rent including TMI, with 4 + 5 years remaining on the lease. Seating for 30, with two washrooms and one parking space included. No demolition clause and no usage restrictions. Fully built-out and profitable unit that requires very little hands-on oversight. Located at the intersection of College and Spadina, this is one of Toronto's busiest and most walkable neighbourhoods. Surrounded by U of T, Kensington Market, Chinatown, and dozens of destination dining and nightlife spots, this address draws steady business from students, residents, professionals, and tourists alike. The unit includes a full basement, signage options with excellent visibility, and a versatile layout that allows for flexible design and concept conversion. A perfect fit for a hands-off operator or brand looking to expand into a proven, high-foot-traffic pocket of the downtown core.
Location
Province ON
County Toronto
Community University
Area Toronto
Zoning Business Commercial
Interior
Cooling Yes
Exterior
Parking Features Outside/Surface
Community Features Public Transit, Recreation/Community Centre
Utilities Available Available
Building
Lot Description Lot
Lited by ROYAL LEPAGE SIGNATURE REALTY
