For Sale

505 Danforth Avenue, Toronto E01, Ontario M4K 1P5

$1

505 Danforth Avenue, Toronto E01, Ontario M4K 1P5 is For Sale and has a listing price of 1. The property is located in the North Riverdale neighbourhood . It's been on the website for 99 Days.

  • Sale Of Business
    Property Type
  • MLS ID: E12075096
  • Office Name GET HOME REALTY INC.
Property Description

Turnkey Restaurant for Sale in Greek Town Extensively renovated Indian cuisine restaurant at the prime AAA+ location of Danforth and Logan, right in the midst of Greek Town. Licensed for 124 patrons inside and 12 on the front patio. Features a fully built-out main floor and basement, with all chattels and equipment included. Total space is 1,800 sqft with 4 years remaining on the lease and an option to renew. This well-kept, like-new, and very well-established restaurant experiences heavy daily foot traffic and high take-out volume from both loyal and new customers, including tourists. Conveniently located with easy parking available on multiple nearby streets. Highlights:- Fully equipped kitchen with 11′ exhaust hood, full range, walk-in cooler, and more; Significant investment made in kitchen build-out and leasehold improvements; Excellent structural integrity with all mechanical systems in great shape and 3-phase power; Licensed for 124 patrons inside, with an additional 12 on the front patio; Garage-style frontage that opens the dining room to the street; Currently operating as a successful Indian restaurant, but the space is adaptable to various concepts and styles of cuisine; Strong lease in place with a current rent of $10,112 per month, inclusive of TMI and HST; Four years remaining on the lease with options to renew.

Property Details
  • MLS ID: E12075096
  • Price: $1
  • Lot Depth: 110
  • Transaction Types: For Sale
  • Ref ID: E12075096
  • Year Built: N/A
  • Dir / Cross St: Danforth/Logan
  • Status: Active
  • Tax Year: 2024
  • Property Type: Sale Of Business
  • Property Type: Commercial
  • Property Sub Category: Business
Price History
List Date MLS ID List Price Status End Date Closed Price
06/19/2025 E12233905 $50,000 For Sale - -
06/08/2025 E12205552 $49,999 For Sale - -
04/10/2025 E12075096 $1 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
North Riverdale
  • $1,498,398 Average List Price
    based on 1 year
  • 9 New Listings
    based on 30 days
  • 17 Median Days on Market
    based on 1 year
  • List vs. Selling Price 9.15 % Below
  • Sold (12mo) 57
  • Rented (12mo) 77

  • 1 Month Change -
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
Additional Details
  • Heat Type Y
  • Garage Type Y
  • Taxes: N/A
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: IMMEDIATE
  • Listing Entry Date: 10/04/2025 17:18:43
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