1870 Danforth Avenue, Toronto (Danforth) - Business for Sale
1870 Danforth Avenue, Toronto (Danforth), Ontario, M4C1J4
This business in Toronto is for sale offering roughly 1,800 sq ft of space.
Description
Prime Danforth Avenue restaurant opportunity located at Danforth Ave and Glebemount Rd, directly across from East Lynn Park in East York, Toronto. This approximately 1,800 sq. ft. dine-in and sit-down restaurant features a full basement with a spacious prep kitchen, plus a conveniently located walk-in cooler and freezer behind the kitchen for efficient operations. The restaurant offers a transferable LLBO licence for 73 interior seats and 8 patio seats, making it ideal for both intimate dinners and larger gatherings. Current rent is approximately $8,100/month, inclusive of TMI, gas, water, and HST, with reported monthly sales of approximately $25,000. Currently operating as Bhojan Ghar, the restaurant showcases a unique combination of authentic Indian flavours and Nepalese culinary artistry, offering a welcoming atmosphere for family celebrations, dinners, and gatherings with friends. A great opportunity for an experienced restaurateur or entrepreneur looking for a well-equipped restaurant in a vibrant and highly visible Danforth location. (id:66096)
Property Details
- MLS®
- E13689332
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Interior Size
- 1,800 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 78 days ago
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 78 days on market, against an average age of 42 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Toronto (Danforth) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M4C)
This home lists at $159,900, about 1.9× the local median household income of $83,000.
Carrying it typically needs a household income of about $31,234 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $83,000
- Population
- 46,440
- Median age
- 40
- Owner / renter
- 53% / 47%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA M4C)
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$159,900
Toronto