388 Richmond Street, Unit 5B, Toronto, ON
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Realistic rush-hour travel times from 388 Richmond Street
TTC Subway & GO Transit network: 10–25 min to Financial Core
Gardiner, DVP & 401: 5–12 min drive
Billy Bishop (YTZ): 10–15 min | Pearson (YYZ): 25 min
Property Highlights
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Welcome to this remarkable sale of business located in the coveted neighborhood of Waterfront Communities C1. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $189,000 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 2 Bathrooms
- Premium 70.1 x 176 ft lot size
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
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Downtown Toronto licensed restaurant on Richmond Street available for rebranding into a different concept, cuisine, or franchise. Currently operating as a French fusion restaurant,this established location offers excellent sales in a compact and efficient space, making it ideal for an owner-operator or a brand looking for a strong downtown presence. The 976 Sq Ft Commercial unit features a modern layout on the sunny north side of the street and is licensed for 30 guests. The space is designed for efficient service and comfortable dining while remaining easy to manage. The kitchen is fully equipped with an 8-Ft commercial hood and onewalk-in fridge to support a variety of cuisines and restaurant styles. Lease rate of $5,221 Gross Rent including TMI with 2 + 5 + 5 years remaining, offering strong value for a downtown Toronto location. This restaurant is open for conversion into many different concepts while benefiting from its existing infrastructure and established customer base. Please do not go direct or speak to staff or ownership.
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Property Summary
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This sale of business located at 388 Richmond Street, Toronto is currently for sale and has been available for 55 days. This property is listed at $189,000 with an estimated mortgage of $629* per month. It has 0 beds, 2 bathrooms, and is unknown square feet. 388 Richmond Street, Toronto is in the Waterfront Communities C1 neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Waterfront Communities C1, Toronto.
- •2 well-appointed bathrooms
- •Desirable Sale Of Business architecture in Waterfront Communities C1, Toronto
First-time home buyers, professionals, or investors seeking value.
Key Features
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Additional Details
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Property Details
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Parking & Garage
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Heating & Cooling
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Features
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Property Features
None listed
Interior Features
None listed
Security Features
- Yes
Community Features
- Public Transit
- Subways
Property History
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No historical data available for this property.
This could be the first listing for this address.
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This property at 388 Richmond Street, Unit 5B, Toronto, ON has closed. If you own a home on this street or nearby in Toronto, recent market trends and verified sold prices directly determine your home equity.
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Frequently Asked Questions about 388 Richmond Street, Unit 5B, Toronto, ON
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Q.What is the asking price for 388 Richmond Street, Unit 5B, Toronto, ON ?
The current listing price for 388 Richmond Street, Unit 5B, Toronto, ON in Waterfront Communities C1, Toronto is $189,000.
Q.How many bedrooms and bathrooms does this property have?
This property features null bedrooms and 2 bathrooms.
Q.What property type and architectural style is 388 Richmond Street, Unit 5B, Toronto, ON ?
388 Richmond Street, Unit 5B, Toronto, ON is a Sale Of Business () featuring a basement.
Q.What neighborhood and community amenities are nearby?
Community features and nearby amenities include: Public Transit, Subways.
Q.What security features are installed at 388 Richmond Street, Unit 5B, Toronto, ON ?
Security features include: Yes.
Q.What heating and cooling systems are installed?
Heating is provided via standard central heat and cooling via Yes.
Location
Neighborhood Safety & Crime Analytics
Waterfront Communities C1, Toronto
161 assaults (45.0/100k)
43 B&E (40.0/100k)
60 thefts (45.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 388 Richmond Street 5B, Toronto, ON M5V 1X6
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Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Waterfront Communities C1, Toronto Neighborhood Guide
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Waterfront Communities C1, Toronto Demographic Home information
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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.
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