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656 Spadina Avenue, Toronto, ON M5S 2H7

Toronto C01, ON, M5S 2H7 · University

Sq Ft
Sale Of Business Type
C13158638 MLS#

About this property

Shakes N Shawarma presents an outstanding opportunity to acquire a fully equipped turn-key restaurant business in one of downtown Toronto's busiest and most recognized commercial corridors. Positioned directly across from the University of Toronto, this highly visible location benefits from exceptional pedestrian and vehicular exposure, steady daily customer traffic, and strong surrounding density from residential, educational, retail, and professional communities. The area attracts a diverse customer base including university students, faculty members, healthcare professionals, office workers, tourists, local residents, rideshare drivers, and delivery traffic throughout the day and evening. Surrounded by Kensington Market, Chinatown, The Annex, Harbord Village, hospitals, office buildings, student housing, condominiums, cafés, banks, grocery stores, pharmacies, bookstores, and entertainment venues, the business benefits from constant activity and year-round demand. The premises are fully equipped for hot and cold food preparation and are suitable for a wide variety of concepts including shawarma, Middle Eastern cuisine, sandwiches, burgers, Indian, Italian, Chinese, bakery, café, dessert, smoothie, juice, salad bar, bubble tea, takeout, or franchise operations. The spacious second-floor dining area offers additional seating capacity and includes two washrooms, creating flexibility for dine-in, takeout, and delivery-focused models.Additional features include potential for a summer courtyard patio, partial garage and basement storage space, efficient operational layout, strong signage exposure, and one dedicated rear parking space. Excellent TTC connectivity and nearby streetcar routes further enhance accessibility for customers and staff.This is a rare opportunity for owner-operators, investors, or expanding restaurant groups seeking a proven high-demand downtown Toronto location with strong long-term growth potential, excellent surrounding demographics.

Features & Amenities

  • Garage: None
  • Cooling: Yes
  • Heat Type: Electric Forced Air

Property Details

Property Type Commercial
Property Sub-Type Sale Of Business
Garage None
Heat Type Electric Forced Air
Cooling Yes
Tax Year 2026

Building & Construction

Building Area Total
950

Heating & Cooling

Heat Type
Electric Forced Air
Cooling
Yes

Parking & Garage

Garage Type
None

Lot & Land

Lot Size Units
Feet
Lot Depth
105.00
Lot Width
12.67

Financial & Tax

Tax Year
2026
Possession Type
Immediate
Possession Details
IMM

Additional Details

Occupant Type
Owner+Tenant
County Or Parish
Toronto
Cross Street
Spadina Ave/Harbord St
Directions
Spadina Ave/Harbord St
Showing Requirements
Go Direct, List Brokerage

Location

656 Spadina Avenue, Toronto, ON M5S 2H7, Toronto C01, ON, M5S 2H7

Listing courtesy of HOMELINK REALTY LTD.
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