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Investment signal

$238,000

293 RONCESVALLES AVENUE

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Beds

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Baths

Sqft

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Year

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Type

Business

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Toronto (Roncesvalles). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

A rare opportunity to acquire a well-established restaurant with over 14 years of successful operation in one of Toronto's most desirable neighbourhoods. This business has built a strong reputation with a loyal, local, and repeat customer base, delivering stable and consistent revenue. The current owner is retiring, offering a genuine opportunity to take over a proven concept with immediate cash flow. The space features a private open backyard patio, adding valuable dining space and seasonal upside. A major bonus is the large basement with walk-in cooler and extensive storage, allowing for efficient operations and scalability. Turn-key business with an established presence and built-in clientele. (id:65958)

Subtype: Business
Community: Roncesvalles
Living area: 1,200 square feet
Lot dimensions: Unit=13.91 x 125.19 FT
On market: Apr 23, 2026
Status changed: Apr 23, 2026
Annual tax: $0
Zoning: commercial
Photos: 10
MLS#: W13036302
Area: TORONTO_(RONCESVALLES)

Features and systems

Heating

Forced airNatural gas

Cooling

Fully air conditioned

Positive cash flow ~$829/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

20.89%

Cap rate

9.04%

GRM

8.3

Break-even rent

$1,528

Financing

Down payment$47,600

Loan amount$190,400

Mortgage$965/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$109

Insurance$80

Maintenance$198

CapEx reserve$99

Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $965/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.