Contact for address
$359,000 /Plus Stock
Commercial
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- C12907188
- Bus Major:
- Restaurant
- Photos (37)
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Amazing opportunity to own an established and fully-renovated shisha & entertainment lounge with a full commercial kitchen. Prime location facing Spadina, with a 17-storey condo building above. Strategically located across from U of T, and steps to the Spadina Subway station. Could be converted to a banquet hall, restaurant & bar, billiards, etc. Full kitchen with exhaust hood, grill, fryers, walk-in freezer, walk-in coolers, prep tables, etc. Long lease 7.5 years + 5 years option to renew. 110 seats + 80 seat patio. Used to have L.L.B.O. - possible to obtain the license again. Don't miss this one! Value priced to sell - Equipment & set-up worth the price!
- Property Type:
- Commercial
- Property Sub Type:
- Sale Of Business
- Freestanding:
- No
- Total Area:
- 3890 sq. ft. Square Feet
- Total Area:
- 3,890 sq. ft.361 m2
- Retail Area:
- 3890 sq. ft. Sq Ft
- Lot Depth:
- 0'0 m
- Lot Frontage:
- 0'0 m
- Water supply:
- Municipal
- Zoning:
- Commercial
- Heating type:
- Gas Forced Air Closed
- Garage:
- Pay
- Possession Details:
- Immediate
- HST Applicable To Sale Price:
- In Addition To
- Type Taxes:
- N/A
- Taxes:
- $0 / 2026
- Assessment:
- $- / -
- Toronto
- Toronto C01
- University
- Air Conditioning:
- Yes
- Seller Property Info Statement:
- No
- Financial Statements:
- Yes
- Business/Building Name:
- Royal Lounge
- Major Business Type:
- Restaurant
- Category:
- Without Property
- Franchise:
- No
- Days Open:
- Open 7 Days
- Hours Open:
- 12pm--3am
- Employees:
- 5
- Chattels:
- Yes
- LLBO:
- No
- Seats:
- 190
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Listed by HOMELIFE/BAYVIEW REALTY INC.
Data was last updated March 22, 2026 at 04:15 PM (UTC)
- JDL Realty
- JDL REALTY INC., BROKERAGE
- 905-731-2266
- Contact by Email
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