Prime Turnkey Restaurant Opportunity on Spadina Ave near Dundas St W, right where Downtown Toronto's Chinatown meets Kensington Market! Surrounded by U of T, OCAD, major hospitals, and steps to the 510 Spadina streetcar with non-stop year-round foot traffic. Approx. 1,200 sq. ft. across the main flo...or and full basement, featuring an existing dine-in and high-volume takeout/delivery layout, full commercial kitchen with exhaust hood system, walk-in cooler/freezer, and spacious lower-level prep and storage area. Currently operating as a popular Chinese BBQ concept and easily adaptable to noodles, hotpot/malatang, ramen, Korean/Japanese, or other food concepts. Rare long-term lease security: current lease runs until June 14, 2031 plus one 5-year renewal option (to 2036). Attractive downtown rent at $6,500/month Base Rent + approx. $2,500/month TMI ($9,000/month + HST). Asking $139,900 for business and equipment only. Inventory is extra and valued at closing. Do not approach staff directly.
Full Property Details
General
Business Type
Restaurant
Retail Area
1200.00 Sq Ft
Total Area
1000.00 Square Feet
Sprinklers
-
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Business Type
Restaurant
Retail Area
1200.00 Sq Ft
Total Area
1000.00 Square Feet
Sprinklers
-
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
0
Heating Fuel
Gas Forced Air Closed
Air Conditioning
Yes
Washrooms
0
Heating Fuel
Gas Forced Air Closed
Air Conditioning
Yes
Exterior
Depth
0.0
Front
0.0
Lot Size
0 x 0.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
Outside/Surface
Garage Spaces
-
Zoning
Commercial
Depth
0.0
Front
0.0
Lot Size
0 x 0.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
Outside/Surface
Garage Spaces
-
Zoning
Commercial
Building Description
Home Type
Commercial
Subtype
Sale Of Business
Water Supply
Municipal
Possession Date
12/1/2026
Home Type
Commercial
Subtype
Sale Of Business
Water Supply
Municipal
Possession Date
12/1/2026
Community
Community
Kensington-Chinatown
Community
Kensington-Chinatown
Taxes & Fees
Taxes
$1 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$1 /yr
Tax Year
2025
Occupancy
Tenant
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