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For saleMLS® W13840732

59 Four Winds Drive, Toronto, ON M3J 1K7

York University Heights · W05 · M3J 1K7

$89,900

1 months on market

Lot
219 × 411 ft

What's special

  • Yes

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About this property

AGCO Liquor Licenced - 22 Seats! Excellent opportunity to acquire a well-established, fully equipped restaurant/bar business operating for approximately 15 years AGCO Licence #LSL818012. Masala Cafe. Currently operating 4 pm - 2 am only. Can increase sales by adding Breakfast and Lunch. Located in University City Mall, over 60,000 sq ft community mall, steps to York University campus at Keele & Finch, new subway station and newly open LRT nearby. Join the over 35 tenants in this small community mall with busy grocery store Anchor tenant and 15 eat in and take out restaurants, with no nearby competition. high density residential area numerous hi rise condominiums and hi rise apartment buildings are just steps away. Excellent walk-in traffic approximately 1300 sq ft with a fully equipped commercial kitchen, walk-in cooler, approx 12 ft exhaust hood with fire suppression system, plus restaurant equipment, appliances and fixtures included in the sale. Currently operating a Sri Lankan eat-in/takeout restaurant and bar/pub. Continue the existing operation or introduce your own concept and menu- excellent infrastructure already in place for a wide variety of food and beverage uses, subject to required approvals. Rare unit offering both front and rear entrances for convenient customer access, deliveries and restaurant operations. Fantastic courtyard location with excellent exposure and visibility. Potential opportunity for an outdoor patio, landlord approved! Will require municipal/AGCO approvals. Potential opportunity to expand into approx. 700 sq f of adjacent space. Excellent rental rates. Landlord prepared to offer new lease terms to qualified purchaser. A rare turnkey restaurant/bar opportunity with substantial existing infostructure in a high-density Toronto location. DO NOT GO DIRECT OR SPEAK TO STAFF. All appointments through Listing Agent.

Property details

Property

Property type
business
Lot size
219 × 411 ft
Zoning
Commercial Mall
Possession
TBA/Immediate

Interior

Heating
Gas Forced Air Closed
Cooling
Yes

Costs

List price
$89,900

Listing

MLS® number
W13840732
Status
For sale
Listed
September 29, 2026
Days on market
36
Last updated
September 30, 2026
Listing brokerage
WEISS REALTY LTD.

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 below most comparable listings — about 25% of comparable business for sale listings in York University Heights are asking less.

$64KMedian $177K$400K

Based on 24 comparable active business for sale listings in York University Heights. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $4,495
$4,495
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$472.22
Estimated monthly
$472

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
$624
Toronto municipal
$624
Total due on closing
$1,248

An estimate on the asking price of $89,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of WEISS 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.

$89,900

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59 Four Winds Drive, Toronto, ON M3J 1K7 For Sale — $89,900