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Benefits
Asking Price
$3,250,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
A rare and remarkable opportunity to own a meticulously maintained commercial building in one of Toronto's most sought-after neighbourhoods. With 100 feet of prime street frontage along Harbord Street, this striking corner property commands attention with its exceptional curb appeal and versatile layout. Currently operating as a retail and wellness space, the building is easily adaptable for a variety of uses including a seamless conversion back to its former life as a high-end restaurant. Spanning two light-filled levels plus a finished basement, the space showcases a beautiful blend of architectural character and thoughtful upgrades. The main floor features soaring ceilings, marble accent walls, and wall-to-wall glass doors that flood the interior with natural light. Upstairs, cathedral ceilings, 14-foot French doors with Juliet balconies, and a generous rooftop terrace with CN Tower views create an inspiring setting for private events, dining, ceremonies, and more. Extensive recent updates include a custom steel front door (2024), outdoor cement work and dormer window replacements (2025), a new hot water tank (2023/24), upgraded roofing and HVAC, heated floors, built-in cabinets, a Caesar stone reception desk, and a renovated electrical room. Additional highlights include three bathrooms (with rough-ins for three more), built-in industrial fridges, a landscaped side garden, and 16 internal and external security cameras. With stunning built-in planters full of perennial grasses and flowers wrapping the front and side of the building, this property offers unmatched curb appeal and a rare opportunity to own a space that is truly one-of-a-kind. A perfect fit for end users, investors, or visionary entrepreneurs ready to bring their dream business to life. (id:39198)
Location
Province
Ontario
City
Toronto
Address
Brunswick
Postal Code
M5S2M4
Location Highlights
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Listed by
ROYAL LEPAGE SIGNATURE REALTY Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
2,500
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$3,250,000
Asking Price
$3,250,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
2,500
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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