464 Sherbourne Street, Toronto, ON M4X 1K2
Toronto C08, ON, M4X 1K2 · Cabbagetown-South St. James Town
About this property
RESTAURANT BUSINESS FOR SALE | PRIME DOWNTOWN TORONTO LOCATION | APPROX. 1,500 SQ. FT. MAIN FLOOR + 1,000 SQ. FT. BASEMENT | APPROX. 40-SEAT CAPACITY | MONTHLY RENT $5,537 INCLUDING HST & TMI | 5(2.5 Left) + 5 YEAR LEASE | EXCELLENT TRANSIT ACCESSExcellent opportunity to acquire a restaurant business in a highly connected and densely populated downtown Toronto neighbourhood. The premises feature approximately 1,500 sq. ft. on the main floor, plus approximately 1,000 sq. ft. of basement space, with seating for approximately 40 guests.Affordable monthly rent of approximately $5,537, including HST and TMI. Approximately 2.5 years of the current lease term have been completed, with a 5-year term plus a further 5-year renewal option. Buyer and buyer's agent to independently verify all lease terms, measurements and permitted uses.Located steps from street-level transit and approximately a 9-minute walk from Sherbourne Subway Station. Surrounded by high-density residential communities, schools, parks, community facilities, hospitals and everyday amenities, offering strong potential for dine-in, takeout and food-delivery operations.An excellent opportunity for an owner-operator or experienced restaurateur looking to establish or expand their business in a central Toronto location. Please do not go direct or speak with employees. All showings and inquiries must be arranged through the listing brokerage.
Features & Amenities
- Garage: None
- Cooling: Yes
- Heat Type: Gas Forced Air Closed
- Sewer: Sanitary
Property Details
| Property Type | Commercial |
|---|---|
| Property Sub-Type | Sale Of Business |
| Bathrooms | 2 |
| Garage | None |
| Heat Type | Gas Forced Air Closed |
| Cooling | Yes |
| Sewer | Sanitary |
| Tax Year | 2026 |
Building & Construction
- Approximate Age
- 51-99
- Building Area Total
- 1344
Heating & Cooling
- Heat Type
- Gas Forced Air Closed
- Cooling
- Yes
- Cooling
- Yes
- Heating
- Yes
Parking & Garage
- Garage Type
- None
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 84.01
- Lot Width
- 16.00
Community & Neighborhood
- Community Features
- Recreation/Community Centre, Subways
Financial & Tax
- Tax Year
- 2026
- Possession Type
- Flexible
- Possession Details
- TBD
Utilities & Services
- Sewer
- Sanitary
- Water Source
- Lake/River
- Utilities
- Available
Room Details
- Rooms Total
- 0
Additional Details
- Occupant Type
- Tenant
- County Or Parish
- Toronto
- Cross Street
- Sherbourne St & Wellesley
- Directions
- Sherbourne St & Wellesley
- Showing Requirements
- Go Direct
Location
464 Sherbourne Street, Toronto, ON M4X 1K2, Toronto C08, ON, M4X 1K2