$65,000
$10,000424 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N2
4502 - West Centre Town, Dows Lake - Civic Hospital and Area,
Properties with this icon are courtesy of
TRREB.
INCREDIBLE OPPORTUNITY TO OWN A STUNNING, TURN-KEY RESTAURANT IN THE HEART OF LITTLE ITALY! Offered as a sale of business, this fully equipped and beautifully designed restaurant spans approximately 1,300 sq. ft. and includes everything you need to walk in and operate immediately. The space features a functional commercial kitchen, seating for approximately 35 guests, a large, trendy bar, two washrooms, and additional prep and storage areas in the basement with a separate back entrance and 3-car parking. Located on vibrant Preston Street, surrounded by established restaurants, retail, government offices, and residential towers, this location offers excellent exposure and consistent foot traffic year-round. The sale includes all restaurant assets, furniture, fixtures, and equipment (FF&E), valued at $100,000, but offered to purchase for $65,000. Buyers will have the opportunity to negotiate a new long-term lease with the landlord or Assignment of the Lease. Triple-net rent is $4,200/month plus HST for Base Rent, with Additional Rent of approximately $1825.73/month plus HST w/ 2.5 yrs remaining on lease until Spring 2028; Rent subject to annual Increases. Utilities are separate and paid by Tenant. Proof of restaurant experience and financial capability required. See attached feature sheet for full list of included assets. *PLEASE NOTE THIS LISTING IS CANCELLED AND NO LONGER FOR SALE*
- HoldoverDays: 60
- Property Type: Commercial
- Property Sub Type: Sale Of Business
- GarageType: None
- Directions: Preston St. south between Norman and Beech
- Tax Year: 2025
- ParkingSpaces: 3
- WashroomsType1: 2
- Cooling: No
- HeatType: Gas Forced Air Closed
- Building Area Total: 1300
- Building Area Units: Square Feet
- Parcel Number: 041020105
- LotSizeUnits: Feet
- LotDepth: 100
- LotWidth: 25
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