$299,000
( $76.86Per Sq Foot )
$1,605 est/mo Sourced by Back At You
Description
Amazing opportunity to own an established and fully-renovated shisha & entertainment lounge with a full commercial kitchen. Prime location facing Spadina, with a 17-storey condo building above. Strategically located across from U of T, and steps to the Spadina Subway station. Could be converted to a banquet hall, restaurant & bar, billiards, etc. Full kitchen with exhaust hood, grill, fryers, walk-in freezer, walk-in coolers, prep tables, etc. Long lease 7.5 years + 5 years option to renew. 110 seats + 80 seat patio. Used to have L.L.B.O. - possible to obtain the license again. Don't miss this one! Value priced to sell - Equipment & set-up worth the price!
Details
| MLS # | C12907188 |
|---|---|
| Listing Type | For Sale |
| Building Name | Royal Lounge |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 160 |
| Listing Provided By | HOMELIFE/BAYVIEW REALTY INC. | C12907188 589700 |
Features
| SQ Feet | 3,890 |
|---|---|
| Acreage | 0.09 |
Interior
| Cooling | Yes |
|---|
Taxes
| Tax Annual Amount | 0 |
|---|---|
| Tax Type | N/A |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| Region | Toronto |
| City | Toronto C01 |
| Postal Code | M5S 2T9 |
| Area | University |
| Listing VS Median (in M5S 2T9) | |
Price: $299,000 low | high Med: $25 sqft: 3,890 low | high Med: 8,000 $ / sqft: $77 low | high Med: $0 On site: 160 low | high Med: 2 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| Region | Toronto |
| City | Toronto C01 |
| Postal Code | M5S 2T9 |
| Area | University |
| Listing VS Median (in M5S 2T9) | |
Price: $299,000 low | high Med: $25 sqft: 3,890 low | high Med: 8,000 $ / sqft: $77 low | high Med: $0 On site: 160 low | high Med: 2 | |
Listing Updated: June 13, 2026 at 11:58:49 AM PDT