20
See all 20 photos
$299,000
Est. payment /mo
2 Baths
1,402 SqFt
Active
401 Magnetic DR #39-40 Toronto W05, ON M3J 3H9
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Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 1,402 sqft
Price per Sqft $213
Subdivision York University Heights
MLS Listing ID W12039304
Condo Fees $1
Annual Tax Amount $1
Tax Year 2025
Property Sub-Type Sale Of Business
Property Description
This profitable, turn-key restaurant, bar and event venue offers a dynamic business model that caters to diverse customer needs throughout the day and night. During the day, it can be operated as a vibrant restaurant with a full-equipped kitchen, serving delicious meals in a welcoming environment. As the sun sets, the venue transforms into a lively bar, featuring DJ sets and live music to create an exciting nightlife experience. With a focus on private events, this venue is perfect for hosting corporate functions, birthday celebrations, and other special occasions. The current liquor license allows for the smooth operation of both the restaurant and bar, making it an attractive option for those looking to enjoy a drink with their meal or celebrate in style. The space is fully equipped and ready to run, providing a seamless transition for a new owner. Additionally, there is an opportunity for expansion with an adjacent 2,000 sq ft of space that is secured under the current lease with the landlord, offering potential for growth and additional revenue.
Location
State ON
County Toronto
Community York University Heights
Area Toronto
Interior
Heating Yes
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 1.0
Lot Depth 1.0
Others
Security Features Yes
Listed by KW Living Realty