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Toronto C01, ON

  • 3,890 sqft
  • Sale Of Business
  • 177 days on market
$299,000Price reduced 17%

Amazing opportunity to own an established and fully-renovated shisha & entertainment lounge with a full commercial kitchen. Prime location facing Spadina, with a 17-storey condo building above. Strategically located across from U of T, and steps to the Spadina Subway station. Could be converted to a banquet hall, restaurant & bar, billiards, etc. Full kitchen with exhaust hood, grill, fryers, walk-in freezer, walk-in coolers, prep tables, etc. Long lease 7.5 years + 5 years option to renew. 110 seats + 80 seat patio. Used to have L.L.B.O. - possible to obtain the license again. Don't miss this one! Value priced to sell - Equipment & set-up worth the price!

Listing Details

Originally Listed
$359,000
Listed
March 21, 2026

Price History

Parking

Garage
Pay

Location & Legal

Zoning
Commercial
Possession
Flexible
Occupancy
Owner

Commercial

Business Type
Restaurant

Community

Postal area M5S

Population
17,074
Private dwellings
10,971
Median age
33.2
Average household size
1.8
Median household income
$70,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Toronto C01 · last 12 months

Median sold price
$657,000
Homes sold
3,081
Median days on market
26
Sale-to-list price
97.6%

Based on 3,081 recorded sales of commercial properties in Toronto C01 over the last 12 months.

Listed by

HOMELIFE/BAYVIEW REALTY INC.

Commercial figures

Building area
3,890 sq ft
Price per sq ft
$76.86

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

R

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