249 Victoria Street, Toronto, ON M5B 1T8
Church-Yonge Corridor · C08 · M5B 1T8
$3,900,000
$1,057 / sq ft1 months on market
- Bathrooms
- 2
- Total area
- 3,688 sf
- Lot
- 15.5 × 0 ft
What's special
- Outside/surface garage
- Yes
About this property
The Senator Restaurant, a renowned iconic Toronto dining institution, is being offered for sale along with its freehold property at 249 Victoria Street. Located steps from Yonge-Dundas Square, Massey Hall, and the Elgin & Winter Garden Theatres, this landmark opportunity combines a well-established brand within a prime downtown location. The main floor dining room retains its booths, back bar, and period fixtures. The renovated second floor features a 24-seat French bistro with an antique stand-up bar, marble tables, and its own pastry and prep kitchen. The strength of The Senator's brand offers significant potential for an operator seeking to expand through modern digital marketing and delivery channels. Chattels are included as per schedule.
Property details
Property
- Property type
- business
- Bathrooms
- 2
- Interior size
- 3,688 sq ft
- Zoning
- CR 4.0 (c2.0; r4.0) SS1 (x1320)
- Possession
- Immediate
Interior
- Heating
- Gas Forced Air Open
- Cooling
- Yes
Exterior & services
- Garage
- Outside/Surface
Costs
- List price
- $3,900,000
- Property taxes
- $36,000 / year (2025)
- Price per sq ft
- $1,057
Listing
- MLS® number
- C13864016
- Status
- For sale
- Listed
- October 5, 2026
- Days on market
- 30
- Last updated
- October 21, 2026
- Listing brokerage
- COLLIERS
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 100% of comparable business for sale listings in Church-Yonge Corridor are asking less.
- This home
- $1,057 / sq ft
- Comparable median
- $158 / sq ft
Based on 16 comparable active business for sale listings in Church-Yonge Corridor. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $17,251.02
- Property tax (est.)
- $3,000.00
- Estimated monthly
- $20,251
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
- $83,975
- Toronto municipal
- $92,975
- Total due on closing
- $176,950
An estimate on the asking price of $3,900,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of COLLIERS. 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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