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Filipe & Isabel Ferreira

REALTOR® · RECO Reg. # 1616044

RE/MAX Ultimate Realty Inc., Brokerage · RECO Reg. # 4713274

Cell/Direct: (647) 298-9299

1192 St Clair Ave W

Toronto, ON M6E 1B4

Office: (416) 656-3500

License# 4713274

Each office independently owned and operated. For even more listings, visit remax.ca.

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Home/MLS® Search/Toronto C01/656 Spadina Avenue

656 Spadina Avenue

Toronto C01, ON M5S 2H7

NewActiveFor Sale
0 Beds
0 Baths
950 Sq Ft
Commercial
Ask Filipe about this propertyBook a Showing

About This Property

Shakes N Shawarma presents an outstanding opportunity to acquire a fully equipped turn-key restaurant business in one of downtown Toronto's busiest and most recognized commercial corridors. Positioned directly across from the University of Toronto, this highly visible location benefits from exceptional pedestrian and vehicular exposure, steady daily customer traffic, and strong surrounding density from residential, educational, retail, and professional communities. The area attracts a diverse customer base including university students, faculty members, healthcare professionals, office workers, tourists, local residents, rideshare drivers, and delivery traffic throughout the day and evening. Surrounded by Kensington Market, Chinatown, The Annex, Harbord Village, hospitals, office buildings, student housing, condominiums, cafés, banks, grocery stores, pharmacies, bookstores, and entertainment venues, the business benefits from constant activity and year-round demand. The premises are fully equipped for hot and cold food preparation and are suitable for a wide variety of concepts including shawarma, Middle Eastern cuisine, sandwiches, burgers, Indian, Italian, Chinese, bakery, café, dessert, smoothie, juice, salad bar, bubble tea, takeout, or franchise operations. The spacious second-floor dining area offers additional seating capacity and includes two washrooms, creating flexibility for dine-in, takeout, and delivery-focused models.Additional features include potential for a summer courtyard patio, partial garage and basement storage space, efficient operational layout, strong signage exposure, and one dedicated rear parking space. Excellent TTC connectivity and nearby streetcar routes further enhance accessibility for customers and staff.This is a rare opportunity for owner-operators, investors, or expanding restaurant groups seeking a proven high-demand downtown Toronto location with strong long-term growth potential, excellent surrounding demographics.

Property Details

StatusActive
Property TypeCommercial
Listing TypeFor Sale
Interior Size950 sq ft
Bedrooms0
Bathrooms0
ListedMay 21, 2026
Postal CodeM5S 2H7

Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® C13158638

Listed by HOMELINK REALTY LTD.

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.

$199,000

asking price

MLS®C13158638
TypeCommercial
CityToronto C01
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$972

/month · $159,200 mortgage

Down Payment20% — $39,800
Interest Rate5.5%

Amortization

Total Interest

$132,323

Total Cost

$291,523

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

Full Mortgage Calculator →

Listed By

HOMELINK REALTY LTD.