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516 Danforth Avenue Unit Main

Toronto E03, ON M4K 1P6

ActiveFor Sale
0 Beds
0 Baths
Commercial

About This Property

An Exceptional Opportunity To Own A Well-Established Restaurant In The Heart Of Greektown on the Danforth, Located Directly On Danforth Avenue And Positioned Right In The Middle Of The World-Famous Taste of the Danforth Route, Delivering Outstanding Seasonal Foot Traffic And Exposure; Just Steps To Pape Station And Chester Station, And Surrounded By Dense, Affluent Residential Neighbourhoods Including Playter Estates And North Riverdale, This Proven Restaurant Corridor Offers Strong Daily Traffic, Excellent Transit Access, And Year-Round Dining Demand; The Restaurant Features A Liquor Licence, Seating For 60+ Indoors, A 20-Seat Patio Plus A Seasonal 16-Seat Summer Patio, A Fully Equipped 14-Ft Commercial Hood, A 5-Ft Pizza Oven, A Walk-In Cooler, And A Spacious, Efficient Kitchen, With All Equipment In Good Condition And Included, Making It Ready To Operate As-Is Or Easily Rebranded For Any Cuisine Or Concept; A Long-Term Lease Is In Place Until July 2032 With A 5-Year Option To Renew-A Rare Chance To Secure A Turnkey Restaurant In One Of Toronto's Most Sought-After Dining Locations.

Property Details

StatusActive
Property TypeCommercial
Listing TypeFor Sale
Bedrooms0
Bathrooms0
Postal CodeM4K 1P6
Last UpdatedAug 8, 2026 · 6:57 p.m.

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Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® E12649690

Listed by RE/MAX PREMIER INC.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$179,000

asking price

MLS®E12649690
TypeCommercial
CityToronto E03
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$874

/month · $143,200 mortgage

Down Payment20% — $35,800
Interest Rate5.5%

Amortization

Total Interest

$119,024

Total Cost

$262,224

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

RE/MAX PREMIER INC.