686 QUEEN Street, Toronto, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of South Riverdale. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $165,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 10 x 85 ft lot size
- Convenient other garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Turnkey Restaurant Opportunity in Prime Leslieville Location. An exceptional opportunity to own a booming Cocktail Bar, a thriving restaurant and bar business located at the busiest intersection, in the heart of Leslieville. This beautifully renovated and fully licensed establishment offers a cozy dining room with seating for 27guests and a secluded private patio that accommodates an additional 30 patrons. The business generates impressive and highly lucrative revenues, supported by a loyal clientele and strong weekend performance. Fantastic lease terms, providing stability and exceptional value for the location. Operating as a Cocktail Bar this location is a beloved neighborhood destination, known for its inviting atmosphere and extended weekend hours. With $150,000 worth of owned kitchen equipment, $250,000 invested in renovations and tasteful high quality upgrades, this is a fully operational, turnkey business ready for a new owner to thrive. Situated at the busiest intersection in Leslieville, surrounded by popular restaurants, bars, and retail establishments, the location boasts high visibility and consistent foot traffic. This is a rare opportunity to acquire a profitable and well-established business in one of Toronto's most vibrant and sought-after neighborhoods.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 686 QUEEN Street E, Toronto E01, ON M4M 1G9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $165,000 in Toronto, the legal minimum down payment is $8,250 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $1,375 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $1,375 also applies, bringing the total estimated land transfer taxes to $2,750.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
