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207, 328 Centre Street SE
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Beds
—
Baths
—
Sqft
1,157
Year
1978
Type
Business
On market
167d
Rare opportunity to purchase a fantastic restaurant space. Located in a legendary prime shopping centre in Chinatown, strategically situated on a corner of busy intersection. Bus stops and pedestrian pathways are right in front of the building, and a huge parking lot and other popular shops are lined up behind. Plus, there areunderground public parking lot, elevator & escalator for convenience. This restaurant space is easily convertible to any type of cuisine, café, dessert shop, culinary school, or event facility with front reception area, full commercial kitchen with 8 feet canopy, dishwasher, two washrooms, and modern dining hall. The added value is a spacious outdoor patio (813sqft) with iconic pagoda style roof, just perfect for non-cold season dining experience with stunning view of Chinatown from the second floor. Such a charming gathering place for downtown workers and youngsters. Downtown is getting busier, and office occupancy is rising. Don’t miss out this well-established & long-standing turnkey opportunity to own a restaurant with property. You can become a landlord and lease out the restaurant or operate your restaurant without paying high rent. Book your private tour today. Property sale with existing restaurant fixtures and equipment. Showings by appointment only. Please do not approach staff or owner. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
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Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 11, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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