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1620 Albion Road 8

Mount Olive-Silverstone-Jamestown, Toronto, M9V 4B4

$449,000

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Listed 125 days ago · MLS® W13451694

About this home

THIS IS THE HIGH-PROFIT TURNKEY GOLDMINE YOU'VE BEEN WAITING FOR! Welcome to Govardhan Thal, an absolute staple of authentic Indian vegetarian and Gujarati cuisine, perfectly situated in a prime, high-traffic pocket of Etobicoke, ON. This phenomenal business opportunity is a dream come true for seasoned restaurateurs, family operators, or ambitious entrepreneurs looking to capitalize on an established, cult-favorite brand. Boasting a massive and highly functional layout of approximately 2,050 square feet with seating capacity of 60 patrons, this location features incredibly cheap rent, a massive competitive advantage that keeps fixed overhead remarkably low and ensures maximum profitability from day one! The numbers speak for themselves: this operation generates, on average, an outstanding Total Monthly Revenue of $48,000 , while maintaining strictly optimized Total Monthly Expenses of just $19,000, resulting in a spectacular net income. Govardhan Thal has secured an enviable reputation and a fiercely loyal customer base who flock here to see the menu and indulge in legendary, comforting delicacies. The fully equipped, top tier setup handles high-volume dine-in buffet crowds, massive takeout and tiffin demand and highly lucrative catering services with ease. Best of all, the versatile infrastructure offers unlimited potential to rebrand or introduce a brand new culinary concept to a hungry local market. Do not miss your chance to secure an insanely lucrative, low risk food business with an unmatched rent-to-revenue ratio in a surging Etobicoke neighborhood. Opportunities with this level of cash flow and minimal overhead vanish instantly act fast and schedule your private viewing today before someone else takes your profit! ***Images are virtually staged along with people shown.*** Buyer / Buyer's representative to conduct their own due diligence on all business-related information.

Details

Type
Sale Of Business
Lot
1199.26 × 829.49 ft
Garage
None
Neighbourhood
Mount Olive-Silverstone-Jamestown
Municipality
Toronto W10

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Yes

More

Possession
Flexible
Cross street
Albion Rd & Finch Ave W
Business type
Restaurant

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 Albion LRT1 min walk
  • 🚇 Stevenson LRT5 min walk
  • 🚆 Etobicoke North GO4.4 km

Within a 10-minute walk: 3 grocery stores, 8 cafés and restaurants, 7 parks, 5 pharmacies. Nearest grocery: Sunny Foodmart (100 m). Nearest park: Highfield Park (350 m).

Schools nearby

Elementary

  • Highfield Junior School
    EQAO: Gr 3 reading 66%, math 48%    7 min walk
  • Melody Village Junior School
    EQAO: Gr 6 reading 93%, math 19%    9 min walk
  • Elmbank Junior Middle Academy Private
    EQAO: Gr 6 reading 82%, math 33%    9 min walk
  • St. Andrew Catholic School Catholic
    EQAO: Gr 6 reading 71%, math 35%    12 min walk

Secondary

  • Father Henry Carr Catholic Secondary School Catholic
    EQAO: Gr 9 math 51%, literacy test 73%    11 min walk
  • North Albion Collegiate Institute
    EQAO: Gr 9 math 29%, literacy test 70%    12 min walk
  • Smithfield Middle School17 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M9V

Owners / renters
54% / 46%
Median household income
$82,000
Average age
39
Children under 15
16%
Homes
28% detached, 40% high-rise
Commute by transit
23%
Population
53,878

Languages spoken most at home besides English: Punjabi (Panjabi) 6.7%, Gujarati 5%, Assyrian Neo-Aramaic 3.6%, Spanish 2.2%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Mount Olive-Silverstone-Jamestown (2025): about the Toronto average, down 14% from the year before.

  • Assaultabout average
  • Break and enter71% below average
  • Auto theft22% above average
  • Robbery37% above average
  • Theft from vehicles38% below average
  • Shootings149% above average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 1 active

  • 1621 ALBION RD · 300 m
    Site Plan · Under Review · applied 2019
    To construct an addition to the east side of the existing Place of Worship. The addition will include a gymnasium and community rooms and have a GFA of…
    Application details

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 20 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built CR

Commercial Residential (with a site-specific exception).

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

  • Interior Alterations · 2024 · Inspection
    Proposed restauraunt with greater than 30 seats

1 permit on this block of the street in the last 2 years.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

25 City street trees within 100 m, mostly honeys. That’s fewer than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by HOMELIFE/MIRACLE REALTY LTD.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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