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$1,499,000
Est. payment /mo
1,100 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $1,362
Subdivision Blake-Jones
MLS® Listing ID E12283407
Source Toronto Regional Real Estate Board
Property Description
Exceptional mixed-use investment opportunity featuring a fully operational restaurant with a commercial-grade industrial kitchen on the main floor and a spacious residential apartment above. The main floor offers approximately 1,100 sq ft of restaurant space with a full kitchen built at a cost of around $300,000, currently operating as takeout only (no dine-in). There is also a full basement used for restaurant storage, providing additional functional space. The second-floor apartment has a separate entrance and proper fire separation as per building code, ensuring tenant safety and compliance. This professionally renovated building with permits includes extremely rare on-site parking for 14 cars, a major asset in this high-traffic area where parking is hard to find. Ideal for investors seeking strong rental income and appreciation potential, or for end users looking to operate their business while living above. The building is small and easy to maintain yet offers excellent utility with its mixed-use configuration. Fire safety layers are in place between the commercial and residential units, meeting all city requirements. Highlights include a prime location with great exposure, turnkey fully equipped kitchen saving significant build-out costs, full basement storage, and a legal residential apartment for additional income. This is a unique opportunity to own a professionally upgraded, code-compliant mixed-use property with high visibility and low vacancy risk, perfect for restaurant operators, best ghost kitchen concept, food entrepreneurs, or investors looking for a solid asset in a sought-after area. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
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Listed by RE/MAX ACE REALTY INC.