14 - 14 Tower Drive
Toronto E04, ON
- 1,300 sqft
- Sale Of Business
- 145 days on market
An exceptional opportunity to own a fully operational, beautifully designed shisha lounge and café near Tower Dr. and Lawrence Ave. East, located in one of Toronto's vibrant commercial corridors. This versatile, turnkey space offers multi-use potential as a restaurant, café, lounge, or entertainment venue, with the option for a new owner to obtain a liquor license if desired. The premises feature modern décor, comfortable lounge seating, premium ventilation, and a fully equipped kitchen, ideal for shisha service, dining, and private events. The total area is approximately 1,250 sq.ft., including a finished basement of about 500 sq.ft. The space currently accommodates approximately 30 seated guests, with the ability to expand up to 45. The basement is well-suited for private parties, entertainment, or recreational use such as billiards or ping pong. Surrounded by high-density residential communities, schools, and retail plazas, this location benefits from steady foot traffic and strong community appeal. Licensed for tobacco use and compliant for café operations, this business offers immediate income potential with significant room for growth and improvement. Ample on-site parking includes approximately 26 spaces shared among three units; however, as the other two businesses close after 8:00 PM, the parking area is effectively private during evening hours.Currently in the second year of the lease. As per the lease agreement, total monthly expenses (including rent, TMI, and HST) are approximately $4,590; however, the tenant is currently paying $4,500, consistent with the first year, with no issue raised by the landlord. Please do not go direct or approach staff under any circumstances. All showings are by appointment only.
Listing Details
- Listed
- April 21, 2026
Price History
Parking
- Garage
- Plaza
Utilities
- Sewer
- Sanitary
Location & Legal
- Cross Street
- Tower Dr/ Lawrence Ave. East
- Zoning
- Commercial
- Parcel Number
- 063190162
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Entertainment
Property Insights
AI-generated from listing photos. Not professional advice.
Community
Postal area M1R
- Population
- 30,467
- Private dwellings
- 11,476
- Median age
- 41.2
- Average household size
- 2.8
- Median household income
- $81,000
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 E04 · last 12 months
- Median sold price
- $811,000
- Homes sold
- 629
- Median days on market
- 20
- Sale-to-list price
- 99.1%
Based on 629 recorded sales of commercial properties in Toronto E04 over the last 12 months.
Listed by
CENTURY 21 HERITAGE GROUP LTD.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 1,300 sq ft
- Price per sq ft
- $114.62
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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