$199,000
38 Avenue Road 1-2, Toronto, ON M5R 2G2
Annex · C02
Listing courtesy of KW Living Realty
Annex · C02 · M4W 2L6
$199,000
$284 / sq ft4 months on market
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$199,000
Annex · C02
Listing courtesy of KW Living Realty
Exceptional opportunity to acquire a high-exposure restaurant space in one of Toronto's most established and affluent retail corridors. This offering is strictly an asset sale, with no brand, name, or goodwill included, providing a clean slate for an operator to introduce their own concept in a fully built-out environment. Located along Yonge Street just south of Rosedale subway station, the property benefits from steady pedestrian traffic, strong vehicular exposure, and excellent accessibility to the downtown core and surrounding neighbourhoods. The area is known for its dense residential base, high household incomes, and consistent demand for quality food and beverage offerings. The premises are fully fixtured with an existing restaurant build-out, including quality leasehold improvements and equipment in place. The layout is efficient and adaptable, making it well-suited for a range of uses including quick service, fast casual, or specialty food concepts. This allows an incoming operator to significantly reduce both the capital required and the time needed to become operational. This is a rare opportunity to secure a turnkey restaurant space on Yonge Street without the cost, timing, and risk associated with a new build-out, in a location that continues to demonstrate strong fundamentals for food and beverage operators. Serious inquiries only. NDA required for further details.
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This home is priced in line with comparable listings — about 62% of comparable business for sale listings in Annex are asking less.
Based on 13 comparable active business for sale listings in Annex. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $199,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of THE BEHAR GROUP 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.
$189,000
Annex · C02
Listing courtesy of HOMELIFE NEW WORLD REALTY INC.
$175,000
Annex · C02
Listing courtesy of RE/MAX ULTIMATE REALTY INC.