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For saleMLS® C14120114

5 Mercer Street, Toronto, ON M5V 1H2

Waterfront Communities · C01 · M5V 1H2

$369,000

$80 / sq ft

1 weeks on market

Total area
4,595 sf
0
Age
31-50 years

What's special

  • Underground parking
  • Yes

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About this property

Downtown Toronto Entertainment District Restaurant Opportunity At The Corner Of Mercer And John Streets. Ideally Positioned Near King Street West, Theatres, Sports Venues, Hotels, Offices And Residential Towers, With A Surrounding Mix Of Dining And Nightlife That Appeals To Residents, Professionals And Visitors Alike. Approximately 4,595 Sq. Ft. With A Tasteful Interior, Beautiful Bar And A Commercial Kitchen Featuring A Large Exhaust Hood And Walk-In Fridge. A Patio On John Street Extends The Dining Experience Outdoors. Licensed For 174 Patrons Inside And 24 Outside. The Existing Restaurant Infrastructure And Prominent Downtown Setting Provide An Excellent Foundation For An Experienced Operator To Bring A New Brand And Concept To The Space.

Property details

Property

Property type
business
Interior size
4,595 sq ft
Year built
31-50
Zoning
Commecial
Possession
TBD

Interior

Heating
Gas Forced Air Open
Cooling
Yes

Exterior & services

Garage
Underground
Sewer
Sanitary

Costs

List price
$369,000
Price per sq ft
$80

Listing

MLS® number
C14120114
Status
For sale
Listed
October 27, 2026
Days on market
9
Last updated
October 27, 2026
Listing brokerage
RE/MAX ULTIMATE REALTY INC.

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 in line with comparable listings — about 70% of comparable business for sale listings in Waterfront Communities are asking less.

$71KMedian $150K$552K
This home
$80 / sq ft
Comparable median
$165 / sq ft

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 $18,450
$18,450
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$1,938.25
Estimated monthly
$1,938

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
$4,010
Toronto municipal
$4,010
Total due on closing
$8,020

An estimate on the asking price of $369,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX ULTIMATE 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.

$369,000

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