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283 College Street
University Toronto M5T 1R9

$199,000 /For Sale
Commercial

Main Photo: 283 College Street in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C12269674
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C12269674
Bus Major:
Restaurant
Charming restaurant in the heart of downtowns busy College & Spadina corridor. This cornerlocation has excellent street presence and consistent foot traffic day and night. This newspace has already reached profitability in under a year. A rare find for an owner-operator orinvestor looking for a turnkey opportunity in a high-demand neighbourhood. Well maintained andeasy to manage, this is a tightly run operation that functions with minimal staff. Ideal setupfor bubble tea, dessert, coffee, or pizza slice shop. The full basement offers ample storagespace and added functionality for back-of-house needs. Please do not go direct or speak tostaff. $5,900 gross rent including TMI, with 4 + 5 years remaining on the lease. Seating for30, with two washrooms and one parking space included. No demolition clause and no usagerestrictions. Fully built-out and profitable unit that requires very little hands-on oversight.Located at the intersection of College and Spadina, this is one of Torontos busiest and mostwalkable neighbourhoods. Surrounded by U of T, Kensington Market, Chinatown, and dozens ofdestination dining and nightlife spots, this address draws steady business from students,residents, professionals, and tourists alike. The unit includes a full basement, signageoptions with excellent visibility, and a versatile layout that allows for flexible design andconcept conversion. A perfect fit for a hands-off operator or brand looking to expand into aproven, high-foot-traffic pocket of the downtown core.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
No
Total Area:
1000 sq. ft. Square Feet
Total Area:
1,000 sq. ft.
Retail Area:
1000 sq. ft. Sq Ft
Depth:
115'2¾"
Frontage:
16'¼"
Lot Shape:
Irregular
Bathrooms:
2.0
Water supply:
Municipal
Zoning:
Business Commercial
Heating type:
Gas Forced Air Closed
Garage:
Outside/Surface
Parking Spaces:
1
Possession Details:
TBD
HST Applicable To Sale Price:
Not Subject to HST
Development Charges Paid:
Unknown
Type Taxes:
TMI
Taxes:
$0 / 2024
Assessment:
$- / -
Toronto C01
University
Toronto
Public Transit, Recreation/Community Centre
Yes
None
No
Utilities:
Available
Green Property Information Statement:
No
Sewers:
Sanitary+Storm
Air Conditioning:
Yes
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
No
Financial Statements:
Yes
Business/Building Name:
Awesome Tteokbokki
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
No
Days Open:
Open 7 Days
Hours Open:
11:30-10pm
Employees:
1
Chattels:
Yes
LLBO:
No
Outside Storage:
No
Seats:
30
Date Listed:
Jul 08, 2025
Original Price:
Previous Price:
  • Photo 1: 283 College Street in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C12269674
    Photo 1 of 1
Listed by ROYAL LEPAGE SIGNATURE REALTY
Data was last updated July 9, 2025 at 03:15 PM (UTC)
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