283 College St

LocationUniversity, M5T 1R9
$149K For Sale
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Description

Charming restaurant in the heart of downtowns busy College & Spadina corridor. This cornerlocation has excellent street presence and consistent foot traffic day and night. This newspace has already reached profitability in under a year. A rare find for an owner-operator orinvestor looking for a turnkey opportunity in a high-demand neighbourhood. Well maintained andeasy to manage, this is a tightly run operation that functions with minimal staff. Ideal setupfor bubble tea, dessert, coffee, or pizza slice shop. The full basement offers ample storagespace and added functionality for back-of-house needs. Please do not go direct or speak tostaff. $5,900 gross rent including TMI, with 4 + 5 years remaining on the lease. Seating for30, with two washrooms and one parking space included. No demolition clause and no usagerestrictions. 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 Torontos busiest and mostwalkable neighbourhoods. Surrounded by U of T, Kensington Market, Chinatown, and dozens ofdestination dining and nightlife spots, this address draws steady business from students,residents, professionals, and tourists alike. The unit includes a full basement, signageoptions with excellent visibility, and a versatile layout that allows for flexible design andconcept conversion. A perfect fit for a hands-off operator or brand looking to expand into aproven, high-foot-traffic pocket of the downtown core.

Features

  • Business Type
    Category: Restaurant
  • Commercial Total Area
    Total Area: 1,000 sqft
  • Commercial Retail Area
    Retail Area: 1,000 sqft
  • Number of seats
    Seats: 30
  • Commercial Parking Spaces
    Total Parkings: 1
  • Commercial Parking Types
    Parking Types: Outside/Surface
  • Bathrooms
    Bathrooms: 2
  • Restaurant Business Without Property
    For Sale: Business Only

Details

  • Commercial Zoning
    Zoning: Commercial
  • Business Hour
    Business Hours: 11:30-10pm
  • Business Opening Days
    Opening Days: Open 7 Days
  • Alcohol Allowed
    Alcohol Allowed: N
  • Number of Employees
    Total Employees: 1
  • Commercial Features
    Features: Public Transit, Recreation/Comm
  • MLS
    C12269674
  • Listing contracted with: ROYAL LEPAGE SIGNATURE REALTY

Transit Accessibility

Queen's Park Subway Station (0.9km)
Union Go Train Station (2.1km)

Location