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656 Spadina Avenue
University Toronto M5S 2H7

$199,000 /For Sale
Commercial

Main Photo: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 1: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 2: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 3: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 4: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 5: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 6: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 7: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 8: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 9: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 10: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 11: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 12: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 13: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 14: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 15: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 16: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 17: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 18: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 19: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 20: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 21: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 22: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 23: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 24: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 25: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 26: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 27: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 28: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 29: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 30: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 31: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 32: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 33: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 34: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 35: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 36: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Photo 37: 656 Spadina Avenue in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13158638
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13158638
Bus Major:
Restaurant
Shakes N Shawarma presents an outstanding opportunity to acquire a fully equipped turn-key restaurant business in one of downtown Toronto's busiest and most recognized commercial corridors. Positioned directly across from the University of Toronto, this highly visible location benefits from exceptional pedestrian and vehicular exposure, steady daily customer traffic, and strong surrounding density from residential, educational, retail, and professional communities. The area attracts a diverse customer base including university students, faculty members, healthcare professionals, office workers, tourists, local residents, rideshare drivers, and delivery traffic throughout the day and evening. Surrounded by Kensington Market, Chinatown, The Annex, Harbord Village, hospitals, office buildings, student housing, condominiums, cafés, banks, grocery stores, pharmacies, bookstores, and entertainment venues, the business benefits from constant activity and year-round demand. The premises are fully equipped for hot and cold food preparation and are suitable for a wide variety of concepts including shawarma, Middle Eastern cuisine, sandwiches, burgers, Indian, Italian, Chinese, bakery, café, dessert, smoothie, juice, salad bar, bubble tea, takeout, or franchise operations. The spacious second-floor dining area offers additional seating capacity and includes two washrooms, creating flexibility for dine-in, takeout, and delivery-focused models.Additional features include potential for a summer courtyard patio, partial garage and basement storage space, efficient operational layout, strong signage exposure, and one dedicated rear parking space. Excellent TTC connectivity and nearby streetcar routes further enhance accessibility for customers and staff.This is a rare opportunity for owner-operators, investors, or expanding restaurant groups seeking a proven high-demand downtown Toronto location with strong long-term growth potential, excellent surrounding demographics.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Total Area:
950 sq. ft. Square Feet
Total Area:
950 sq. ft.
Retail Area:
900 sq. ft. Sq Ft
Lot Depth:
105'
Lot Frontage:
12'8"
Water supply:
Municipal
Zoning:
COMMERCIAL
Heating type:
Electric Forced Air
Garage:
None
Possession Details:
IMM
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2026
Type Taxes:
Annual
Taxes:
$0 / 2026
Assessment:
$- / 2026
Toronto
Toronto C01
University
All Chattels and Fixtures included which is in Chattels List
Energy Certification:
No
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
No
Days Open:
Open 7 Days
Hours Open:
10am to 11pm
Employees:
4
Chattels:
Yes
LLBO:
No
Seats:
15
Date Listed:
May 21, 2026
Original Price:
Previous Price:
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Data was last updated May 22, 2026 at 01:15 AM (UTC)
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