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$ 288,000
Est. payment /mo
New
23 Drewry AVE Toronto C07, ON M2M 1C9
1 Bath
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Municipality Toronto C07
Subdivision Newtonbrook West
MLS Listing ID C13575608
Tax Year 2026
Property Sub-Type Sale Of Business
Property Description
An outstanding opportunity to own a well-established and profitable café in the heart of Yonge & Drewry, one of North York's most desirable commercial locations. Surrounded by office buildings, high-rise condominiums, schools, and residential communities, this business enjoys excellent visibility, strong foot traffic, and a loyal customer base. The café generates strong sales and an attractive net income while benefiting from an affordable gross rent of only $3,960 per month (TMI included). Utilities are paid separately, and the annual insurance premium for the unit is approximately $3,000. A new lease is available for the incoming owner. The current lease expires in September 2027 and includes an option to renew for an additional two years. Operating seven or six days a week from 8:00 AM to 9:00 PM, the business offers a simple, easy-to-manage operation with a streamlined menu and a fully equipped kitchen. The beautifully renovated interior creates a warm and inviting atmosphere, requiring no additional investment. This business also offers excellent growth potential through catering services and increasing residential density, with several new condominium developments planned nearby.
Location
Province ON
County Toronto
Community Toronto C07
Area Toronto
Interior
Heating Yes
Cooling Yes
Others
Security Features Yes
ParcelsYN No
Listed by HOME STANDARDS BRICKSTONE REALTY