4
$249,000
652 Spadina Avenue 101, Toronto, ON M5S 2H7
University · C01
5 months on marketMLS® C13108108
Listing courtesy of RE/MAX CROSSROADS REALTY INC.
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For saleMLS® C12907188
720 Spadina Avenue 111, Toronto, ON M5S 2T9
University · C01 · M5S 2T9
$299,000
$77 / sq ft7 months on market
- Total area
- 3,890 sf
What's special
- Pay garage
- Yes
About this property
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 details
Property
- Property type
- business
- Interior size
- 3,890 sq ft
- Zoning
- Commercial
- Possession
- Immediate
Interior
- Heating
- Gas Forced Air Closed
- Cooling
- Yes
Exterior & services
- Garage
- Pay
Costs
- List price
- $299,000
- Price per sq ft
- $77
Listing
- MLS® number
- C12907188
- Status
- For sale
- Listed
- March 22, 2026
- Days on market
- 228
- Last updated
- June 9, 2026
- Listing brokerage
- HOMELIFE/BAYVIEW REALTY INC.
Price & sale history
This property's sale history is hidden
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced in line with comparable listings — about 63% of comparable business for sale listings in University are asking less.
$167KMedian $219K$495K
Based on 8 comparable active business for sale listings in University. These are asking prices, not sale prices.
Mortgage estimate
Down payment5.0% · minimum $14,950
Interest rate5-year fixed, illustrative only
Amortization
- Principal & interest
- $1,570.56
- Estimated monthly
- $1,571
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $2,960
- Toronto municipal
- $2,960
- Total due on closing
- $5,920
An estimate on the asking price of $299,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of HOMELIFE/BAYVIEW REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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