308 Dundas Street, Toronto, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Kensington-Chinatown. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $379,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 9 Bathrooms
- Premium 24.83 x 133.82 ft lot size
- Convenient outside/surface garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Gorgeous licensed restaurant located at Dundas Street West and McCaul Street in the heart of downtown Toronto, directly across from the world-renowned Art Gallery of Ontario. This impressive hospitality space features a stylish and modern buildout with multiple bars, a full commercial kitchen, and a liquor license for 136 guests plus an additional 5 seats on a small patio overlooking one of the city's most vibrant cultural corridors. The expansive 4,700 sq.ft. layout is uniquely divided into two separate areas, allowing for flexible operations. The upper level is ideal for private events, parties, additional dining space, or even a late-night concept, with no restrictions on volume or hours of operation. The kitchen is well equipped for high-volume service with a large 15 ft commercial hood, three walk-ins (2 fridges + 1 freezer),and a strong lineup of professional equipment. Lease rate of $15,986 Net Rent plus TMI and all utilities. The restaurant currently generates strong sales but can also be converted into a different concept, cuisine, or franchise depending on the buyer's vision. Please do not go direct or speak to staff.
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Pricing & Value Insights
Data-driven valuation for 308 Dundas Street W, Toronto C01, ON M5T 1G5
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $379,000 in Toronto, the legal minimum down payment is $18,950 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $4,160 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $4,160 also applies, bringing the total estimated land transfer taxes to $8,320.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
