2267 Islington Avenue 3

Elms-Old Rexdale, Toronto, M9W 3W6

$30,000

Photo 1 of 16Photo 2 of 16Photo 3 of 16Photo 4 of 16Photo 5 of 16Photo 6 of 16Photo 7 of 16Photo 8 of 16Photo 9 of 16Photo 10 of 16Photo 11 of 16Photo 12 of 16Photo 13 of 16Photo 14 of 16Photo 15 of 16Photo 16 of 16

Listed 36 days ago · MLS® W13787530

About this home

Excellent opportunity to own and operate Highland Momo, an established Tibetan & Himalayan restaurant located in Rexdale Mall at 2267 Islington Ave. This turnkey business is being sold with its established name and goodwill, Google Business Profile and reviews, social media presence, recipes, and restaurant equipment/chattels owned by the Seller. Ideal for an owner-operator or entrepreneur looking to step into an operating restaurant with an existing customer base. Seller will provide one week of one-on-one training, including recipes and operational transition. Existing License Agreement provides an option for an additional 5-year extension, subject to its terms and conditions. Buyer to obtain Licensor's approval for assignment/transfer. Great opportunity to continue the Highland Momo concept and build on its established presence. Be your own Boss.

Details

Type
Sale Of Business
Garage
Outside/Surface
Neighbourhood
Elms-Old Rexdale
Municipality
Toronto W10

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Yes
Utilities
Yes

Building and exterior

Building area
450 Square Feet

More

Possession
Flexible
Cross street
Islington and 401
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

  • 🚆 Etobicoke North GO1.3 km

Within a 10-minute walk: 4 grocery stores, 17 cafés and restaurants, 4 parks, 4 pharmacies. Nearest grocery: Fresh Value (50 m). Nearest park: The Elms Park (350 m).

Schools nearby

Elementary

  • Elmlea Junior School
    EQAO: Gr 3 reading 57%, math 39%
    6 min walk
  • St. Stephen Catholic School Catholic
    EQAO: Gr 6 reading 78%, math 31%
    9 min walk
  • The Elms Junior Middle School
    EQAO: Gr 6 reading 74%, math 28%
    10 min walk
  • Braeburn Junior School
    EQAO: Gr 3 reading 71%, math 61%
    1.4 km

Secondary

  • Can-AIM High School15 min walk
  • Thistletown Collegiate Institute
    EQAO: Gr 9 math 33%, literacy test 78%
    1.4 km
  • Monsignor Percy Johnson Catholic High School Catholic
    EQAO: Gr 9 math 52%, literacy test 78%
    1.5 km

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 M9W

Owners / renters
58% / 42%
Median household income
$85,000
Average age
41
Children under 15
15%
Homes
37% detached, 32% high-rise
Commute by transit
22%
Population
40,977

Languages spoken most at home besides English: Punjabi (Panjabi) 6.8%, Spanish 3.2%, Gujarati 2.4%, Tagalog (Pilipino, Filipino) 1.5%.

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 Elms-Old Rexdale (2025): 23% above the Toronto average, down 5% from the year before.

  • Assaultabout average
  • Break and enterabout average
  • Auto theft116% above average
  • Robbery77% above average
  • Theft from vehicles25% below average
  • Shootings143% 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

No planning applications within 500 m in the last five years.

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.

Living here

Commute

To Union Station (downtown Toronto): 16 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 · 2026 · Work Not Started
    Proposal for interior alteration, fit out for Laundromat.
  • Interior Alterations · 2020 · Cancelled
    Interior alterations to convert office space into new indoor kids play centre (Recreation Use) at Rexdale mall (1855.94m2)

2 permits 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

37 City street trees within 100 m, mostly maples. That’s about 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/FUTURE REALTY INC..

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

Similar homes nearby

See more in Toronto