New 382 Spadina Avenue, Toronto, ON M5T 2G5
Kensington-Chinatown · Toronto C01 · ON
About this property
Prime Turnkey Restaurant Opportunity on Spadina Ave near Dundas St W, right where Downtown Toronto's Chinatown meets Kensington Market! Surrounded by U of T, OCAD, major hospitals, and steps to the 510 Spadina streetcar with non-stop year-round foot traffic. Approx. 1,200 sq. ft. across the main floor and full basement, featuring an existing dine-in and high-volume takeout/delivery layout, full commercial kitchen with exhaust hood system, walk-in cooler/freezer, and spacious lower-level prep and storage area. Currently operating as a popular Chinese BBQ concept and easily adaptable to noodles, hotpot/malatang, ramen, Korean/Japanese, or other food concepts. Rare long-term lease security: current lease runs until June 14, 2031 plus one 5-year renewal option (to 2036). Attractive downtown rent at $6,500/month Base Rent + approx. $2,500/month TMI ($9,000/month + HST). Asking $139,900 for business and equipment only. Inventory is extra and valued at closing. Do not approach staff directly.
Property details
- MLS® Number
- C14161452
- Status
- Active / New
- Transaction
- For Sale
- Property Type
- Commercial
- Property Subtype
- Sale Of Business
- Lot Size
- Feet
- Lot Width
- 0.00
- Lot Depth
- 0.00
- Taxes
- $1
- Tax Year
- 2025
- Garage
- Outside/Surface
- Heating
- Gas Forced Air Closed
- Cooling
- Yes
- Cross Street
- Spadina Avenue / Dundas Street West
- Directions
- Spadina / Dundas
- Occupancy
- Tenant
Building & Construction
- Building area
- 1000
Parking & Garage
- Garage
- Outside/Surface
Community & Neighbourhood
- Cross street
- Spadina Avenue / Dundas Street West
Location
Property History
- Listed
- November 8, 2026 4:41 PM
- Listing updated
- November 8, 2026 4:43 PM
- System updated
- November 8, 2026 4:43 PM
- Photos changed
- November 8, 2026 4:41 PM
- Media changed
- November 8, 2026 4:41 PM
- Imported locally
- November 8, 2026 6:00 PM