Property overview
A residence that redefines york university heights livingAGCO Liquor Licenced - 22 Seats! Excellent opportunity to acquire a well-established, fully equipped restaurant/bar business operating for approximately 15 years AGCO Licence #LSL818012. Masala Cafe. Currently operating 4 pm - 2 am only. Can increase sales by adding Breakfast and Lunch. Located in University City Mall, over 60,000 sq ft community mall, steps to York University campus at Keele & Finch, new subway station and newly open LRT nearby. Join the over 35 tenants in this small community mall with busy grocery store Anchor tenant and 15 eat in and take out restaurants, with no nearby competition. high density residential area numerous hi rise condominiums and hi rise apartment buildings are just steps away. Excellent walk-in traffic approximately 1300 sq ft with a fully equipped commercial kitchen, walk-in cooler, approx 12 ft exhaust hood with fire suppression system, plus restaurant equipment, appliances and fixtures included in the sale. Currently operating a Sri Lankan eat-in/takeout restaurant and bar/pub. Continue the existing operation or introduce your own concept and menu- excellent infrastructure already in place for a wide variety of food and beverage uses, subject to required approvals. Rare unit offering both front and rear entrances for convenient customer access, deliveries and restaurant operations. Fantastic courtyard location with excellent exposure and visibility. Potential opportunity for an outdoor patio, landlord approved! Will require municipal/AGCO approvals. Potential opportunity to expand into approx. 700 sq f of adjacent space. Excellent rental rates. Landlord prepared to offer new lease terms to qualified purchaser. A rare turnkey restaurant/bar opportunity with substantial existing infostructure in a high-density Toronto location. DO NOT GO DIRECT OR SPEAK TO STAFF. All appointments through Listing Agent.
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GalleryFinancing
Mortgage CalculatorC$ 17,980
Estimated monthly payment
C$ 431
Estimate only. Verify with a qualified broker.
Verified platform reviews
Google reviews4.9
124 reviews · Google
Pavel was extraordinary from first contact to transfer. He understood exactly what we were looking for and never once…
Read moreCalm, sharp and endlessly patient. He never once pushed us into a decision we were not ready for. Highly recommend.
Read moreSold above asking in a soft market. Staging advice alone paid for itself several times over. Deeply professional.
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