464 Sherbourne Street, Toronto, ON M4X 1K2
Cabbagetown-South St. James Town · C08 · M4X 1K2
$149,000
$111 / sq ft2 months on market
- Bathrooms
- 2
- Total area
- 1,344 sf
- Lot
- 16 × 84.01 ft
- Age
- 51-99 years
What's special
- Yes
About this property
RESTAURANT BUSINESS FOR SALE | PRIME DOWNTOWN TORONTO LOCATION | APPROX. 1,500 SQ. FT. MAIN FLOOR + 1,000 SQ. FT. BASEMENT | APPROX. 40-SEAT CAPACITY | MONTHLY RENT $5,537 INCLUDING HST & TMI | 5(2.5 Left) + 5 YEAR LEASE | EXCELLENT TRANSIT ACCESSExcellent opportunity to acquire a restaurant business in a highly connected and densely populated downtown Toronto neighbourhood. The premises feature approximately 1,500 sq. ft. on the main floor, plus approximately 1,000 sq. ft. of basement space, with seating for approximately 40 guests.Affordable monthly rent of approximately $5,537, including HST and TMI. Approximately 2.5 years of the current lease term have been completed, with a 5-year term plus a further 5-year renewal option. Buyer and buyer's agent to independently verify all lease terms, measurements and permitted uses.Located steps from street-level transit and approximately a 9-minute walk from Sherbourne Subway Station. Surrounded by high-density residential communities, schools, parks, community facilities, hospitals and everyday amenities, offering strong potential for dine-in, takeout and food-delivery operations.An excellent opportunity for an owner-operator or experienced restaurateur looking to establish or expand their business in a central Toronto location. Please do not go direct or speak with employees. All showings and inquiries must be arranged through the listing brokerage.
Property details
Property
- Property type
- business
- Bathrooms
- 2
- Interior size
- 1,344 sq ft
- Year built
- 51-99
- Lot size
- 16 × 84.01 ft
- Zoning
- Commercial
- Possession
- TBD
Interior
- Heating
- Gas Forced Air Closed
- Cooling
- Yes
Exterior & services
- Water
- Lake/River
- Sewer
- Sanitary
Costs
- List price
- $149,000
- Price per sq ft
- $111
Listing
- MLS® number
- C13725626
- Status
- For sale
- Listed
- August 30, 2026
- Days on market
- 67
- Last updated
- October 5, 2026
- Listing brokerage
- GET HOME REALTY INC.
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 46% of comparable business for sale listings in Toronto are asking less.
- This home
- $111 / sq ft
- Comparable median
- $116 / sq ft
Based on 96 comparable active business for sale listings in Toronto. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $782.65
- Estimated monthly
- $783
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
- $1,215
- Toronto municipal
- $1,215
- Total due on closing
- $2,430
An estimate on the asking price of $149,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of GET HOME 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
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