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For saleMLS® C13655062

548 Yonge Street, Toronto, ON M4Y 1Y8

Bay Street Corridor · C01 · M4Y 1Y8

$189,999

2 months on market

Bathrooms
2
0

What's special

  • Yes

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About this property

Rare opportunity to acquire a turnkey licensed Japanese restaurant on one of Toronto's busiest retail corridors, steps to Wellesley Station. Approximately 2,310 sf across ground floor, mezzanine and basement in a high-exposure storefront with established signage. Well-run operation with a loyal customer base and strong, growing sales - approaching seven figures annually. Fully built and equipped commercial kitchen with hood and ecologizer system. All chattels, fixtures and equipment owned outright and included; no rental or leased equipment to assume. LLBO in place. Established franchise with franchisor consent to a transfer already obtained. New five-year lease starting in 2027 already in place direct with the landlord, with base rent stepping down at the start of the new term - a meaningful reduction in occupancy cost for an incoming owner. Landlord open to considering a change of use to other retail concepts and a sublease of the mezzanine.

Property details

Property

Property type
business
Bathrooms
2
Zoning
Commercial
Possession
Flexible

Interior

Heating
Gas Forced Air Open
Cooling
Yes

Costs

List price
$189,999

Listing

MLS® number
C13655062
Status
For sale
Listed
August 9, 2026
Days on market
88
Last updated
October 24, 2026
Listing brokerage
RE/MAX EXCEL REALTY LTD.

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 above most comparable listings — about 81% of comparable business for sale listings in Bay Street Corridor are asking less.

$64KMedian $119K$220K

Based on 26 comparable active business for sale listings in Bay Street Corridor. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $9,500
$9,500
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$998.01
Estimated monthly
$998

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
$1,625
Toronto municipal
$1,625
Total due on closing
$3,250

An estimate on the asking price of $189,999. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX EXCEL REALTY LTD.. 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.

$189,999

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