2267 Islington Avenue 3
Elms-Old Rexdale, Toronto, M9W 3W6
$30,000
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.
Building permits
- Interior Alterations · 2026 · Work Not StartedProposal for interior alteration, fit out for Laundromat.
- Interior Alterations · 2020 · CancelledInterior 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.
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