382 Spadina Avenue, Toronto, ON M5T 2G5

Property description

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 floor 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.

Property details

Garage

Outside/Surface

Cooling

Yes

Lot dimensions

0 × 0 Feet

Heating

Gas Forced Air Closed

Annual taxes

$1 (2025)

Possession

Flexible