North Riverdale

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505 Danforth Avenue
North Riverdale Toronto M4K 1P5

$50,000 /For Sale
Commercial

Main Photo: 505 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01)  : MLS®# E12233905
Photo 1: 505 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01)  : MLS®# E12233905
Photo 2: 505 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01)  : MLS®# E12233905
Photo 3: 505 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01)  : MLS®# E12233905
Photo 4: 505 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01)  : MLS®# E12233905
Photo 5: 505 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01)  : MLS®# E12233905
Photo 6: 505 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01)  : MLS®# E12233905
Photo 7: 505 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01)  : MLS®# E12233905
Photo 8: 505 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01)  : MLS®# E12233905
Photo 9: 505 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01)  : MLS®# E12233905
Photo 10: 505 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01)  : MLS®# E12233905
Photo 11: 505 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01)  : MLS®# E12233905
Photo 12: 505 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01)  : MLS®# E12233905
Photo 13: 505 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01)  : MLS®# E12233905
Photo 14: 505 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01)  : MLS®# E12233905
Photo 15: 505 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01)  : MLS®# E12233905
Photo 16: 505 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01)  : MLS®# E12233905
Photo 17: 505 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01)  : MLS®# E12233905
Status:
Active
Prop. Type:
Commercial
MLS® Num:
E12233905
Bus Major:
Restaurant
Incredible opportunity to acquire a fully built-out, vacant restaurant setup in the heart of Toronto's Danforth corridor. This asset-only sale includes not only a full range of commercial kitchen equipment but also valuable leasehold improvements offering major savings in buildout costs and time-to-launch. Licensed for 124 seats inside plus 12 on the patio, with a flexible dining layout, service bar, and garage-style glass door opening onto the street. The space has been professionally outfitted and is turnkey-ready, including a hood system, walk-in cooler, dual stock pot burner, flat-top griddle, 6-burner range, fryers, line fridges, freezers, and dishwasher all included AS IS. Ideal for ghost kitchens, dine-in restaurants, concept kitchens, or sports bar concepts. Steps from transit, surrounded by dense residential, and located on one of Toronto's busiest commercial strips. Benefit from year-round pedestrian traffic and major seasonal exposure during the Taste of the Danforth Festival. Lease runs until October 31, 2025. Current Base Rent is 6250 and TMI is 2949 per month Before taxes. Flexibility to negotiate new lease terms directly with landlord. A rare opportunity to acquire high-value infrastructure and leasehold improvements at a fraction of the cost of building new in a top-tier location. All pictures are taken when business was running. Flexible closing available. Do Not Miss This Opportunity!
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
No
Total Area:
1800 sq. ft. Square Feet
Total Area:
1,800 sq. ft.
Retail Area:
0 sq. ft. Sq Ft
Depth:
110'
Frontage:
20'
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Gas Forced Air Open
Garage:
None
Possession Details:
Immediate
HST Applicable To Sale Price:
In Addition To
Type Taxes:
TMI
Taxes:
$2,949 / 2025
Assessment:
$- / -
Toronto E01
North Riverdale
Toronto
None
No
Utilities:
Available
Green Property Information Statement:
No
Sewers:
Sanitary
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
No
Days Open:
Open 7 Days
Hours Open:
12
Employees:
2
Chattels:
Yes
LLBO:
Yes
Seats:
136
Date Listed:
Jun 19, 2025
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Listed by NOT A DREAM REALTY INC.
Data was last updated June 27, 2025 at 07:15 PM (UTC)
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