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For saleMLS® C13593486

505 Richmond Street W K23, Toronto, ON M5V 0P4

Waterfront Communities · C01 · M5V 0P4

$149,999

3 months on market

Lot
14.7 × 12.3 ft

What's special

  • Underground parking
  • Yes

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About this property

Exceptional Turn-Key Business Opportunity - Own a The Alley Franchise in the Heart of Downtown Toronto! Take advantage of this rare opportunity to own a The Alley bubble tea franchise in one of Toronto's most vibrant, high-traffic destinations. Located inside the popular Waterworks Food Hall, this recently established business is fully built out, professionally designed, and ready for a seamless transition to new ownership. This modern, turn-key operation comes fully equipped, fully staffed, and fully operational, allowing you to start generating revenue from day one. The business has already built an excellent reputation with outstanding online reviews, creating a strong foundation for continued growth. Waterworks Food Hall is home to nearly 25 food and beverage vendors, making it one of Toronto's premier culinary destinations. The location attracts a steady stream of customers from the surrounding residential towers, office buildings, hotels, and tourist attractions, while regular community events, live entertainment, private functions, and corporate gatherings provide consistent opportunities to increase sales. An added advantage is the dedicated event hall within Waterworks, where vendors have opportunities to provide catering for private and corporate events, creating an additional revenue stream beyond daily walk-in traffic. As part of the internationally recognized The Alley brand, you'll benefit from proven operating systems, ongoing franchisor support, and strong brand recognition. This is an outstanding opportunity for an owner-operator, entrepreneur, or investor looking to acquire a stylish, fully operational business with tremendous growth potential in one of downtown Toronto's most sought-after food destinations.

Property details

Property

Property type
business
Lot size
14.7 × 12.3 ft
Zoning
CRE
Possession
Immediate

Interior

Heating
Other
Cooling
Yes

Exterior & services

Garage
Underground

Costs

List price
$149,999

Listing

MLS® number
C13593486
Status
For sale
Listed
July 22, 2026
Days on market
106
Last updated
October 13, 2026
Listing brokerage
EXIT REALTY LEGACY

Price & sale history

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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 48% of comparable business for sale listings in Waterfront Communities are asking less.

$71KMedian $188K$552K

Based on 27 comparable active business for sale listings in Waterfront Communities. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $7,500
$7,500
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$787.90
Estimated monthly
$788

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
$1,225
Toronto municipal
$1,225
Total due on closing
$2,450

An estimate on the asking price of $149,999. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of EXIT REALTY LEGACY. 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.

$149,999

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