$229,900 FOR SALE

Business for Sale

Restaurant

Lot: 15.41 x 85 ftTotal Area: 2,184 ft2
2023 Taxes: $36,192

1993 Yonge St
Toronto, ON M4S 1Z8 | Mount Pleasant West

Rare investment opportunity in the heart of Midtown, just steps away from Yonge and Eglinton. This turnkey restaurant and bar, licensed by the L.L.B.O. for 64 patrons, is situated in a high foot traffic area surrounded by high-profile businesses and existing and developing condos.The property features a fully renovated and equipped dining area, an upstairs bar, and an outdoor patio, all with high ceilings. The full basement includes a prep area, walk-in fridge, storage, and bathrooms. The main floor offers a fully furnished dining room, an outdoor patio, and a fully equipped main kitchen. The upper floor boasts a full bar/lounge area, bathrooms, and a staff room. Lease terms include 3+ years remaining with options for two additional 5-year extensions. Monthly net rent is $5500.* EXTRAS * The building is newly renovated with numerous upgrades. All chattels, equipment, furniture, and modern dinnerware are included - a list is available upon request. The restaurant has a very high rating. The owner is willing to provide training.

Extras
LLBO license for 64 patrons with outdoor patio, list of chattels, equipment available upon request. Owner willing to train.

Share

Listed By VENTURE REAL ESTATE CORP.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C9032352
Last Updated Aug 22, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Restaurant
Franchise Non-Franchise
Business/Building Name Chandelier Fine Dine
Category Without Property
PIN 211330309
Legal Description PT LT 5 PL 1789 TORONTO AS IN CA264379; T/W & S/T CA264379; S/T INTEREST IN CA264379; CITY OF TORONTO
Occupancy Owner
Possession Date 30 Days/TBA
Taxes (2023) $36,192
Tax Type T.M.I.
Directions/Cross Streets Yonge & Eglinton
Neighbourhood Mount Pleasant West
Area Toronto
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding N
Lot 15.41 x 85 ft
Retail Area 2,184 ft2
Total Area 2,184 ft2
Air Conditioning Y
Basement Y
Chattels Y
Garage Type None
Hours Open 5-10 pm
LLBO Y
Employees 4
Heat Type Gas Forced Air Open
Financial Statement N
Area Influences Major Highway, Public Transit
Seats 64
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning CR3
Seller Property Info Statement N

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.