Salehian.com 647-325-5000

464 Sherbourne Street

Cabbagetown-South St. James Town, Toronto, M4X 1K2

$149,000

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  • 2 bathrooms

Listed 51 days ago · MLS® C13725626

About this home

RESTAURANT BUSINESS FOR SALE | PRIME DOWNTOWN TORONTO LOCATION | APPROX. 1,500 SQ. FT. MAIN FLOOR + 1,000 SQ. FT. BASEMENT | APPROX. 40-SEAT CAPACITY | MONTHLY RENT $5,537 INCLUDING HST & TMI | 5(2.5 Left) + 5 YEAR LEASE | EXCELLENT TRANSIT ACCESSExcellent opportunity to acquire a restaurant business in a highly connected and densely populated downtown Toronto neighbourhood. The premises feature approximately 1,500 sq. ft. on the main floor, plus approximately 1,000 sq. ft. of basement space, with seating for approximately 40 guests.Affordable monthly rent of approximately $5,537, including HST and TMI. Approximately 2.5 years of the current lease term have been completed, with a 5-year term plus a further 5-year renewal option. Buyer and buyer's agent to independently verify all lease terms, measurements and permitted uses.Located steps from street-level transit and approximately a 9-minute walk from Sherbourne Subway Station. Surrounded by high-density residential communities, schools, parks, community facilities, hospitals and everyday amenities, offering strong potential for dine-in, takeout and food-delivery operations.An excellent opportunity for an owner-operator or experienced restaurateur looking to establish or expand their business in a central Toronto location. Please do not go direct or speak with employees. All showings and inquiries must be arranged through the listing brokerage.

Details

Type
Sale Of Business
Age
51-99 years
Lot
16 × 84.01 ft
Garage
None
Neighbourhood
Cabbagetown-South St. James Town
Municipality
Toronto C08

Interior

Bathrooms
2 × bathroom

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Yes
Water and sewer
Sanitary
Utilities
Available

Building and exterior

Age
51-99 years
Building area
1,344 Square Feet

More

Possession
TBD
Cross street
Sherbourne St & Wellesley
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

  • 🚇 Sherbourne Subway10 min walk
  • 🚇 Wellesley Subway11 min walk
  • 🚆 Toronto Union Station GO2.5 km

Within a 10-minute walk: 22 grocery stores, 230 cafés and restaurants, 27 parks, 31 pharmacies. Nearest grocery: Rabba (100 m). Nearest park: Wellesley - Magill Park (150 m).

Schools nearby

Elementary

  • Our Lady of Lourdes Catholic School Catholic
    EQAO: Gr 6 reading 80%, math 43%    1 min walk
  • Winchester Junior and Senior Public School
    EQAO: Gr 6 reading 89%, math 57%    5 min walk
  • Rose Avenue Junior Public School
    EQAO: Gr 6 reading 67%, math 14%    7 min walk
  • Church Street Junior Public School
    EQAO: Gr 6 reading 84%, math 45%    7 min walk

Secondary

  • Jarvis Collegiate Institute
    EQAO: Gr 9 math 34%, literacy test 80%    3 min walk
  • Msgr Fraser College - Isabella Campus Catholic6 min walk
  • Collège français French7 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 M4X

Owners / renters
15% / 85%
Median household income
$58,800
Average age
41
Children under 15
12%
Homes
1% detached, 81% high-rise
Commute by transit
44%
Population
19,896

Languages spoken most at home besides English: Tagalog (Pilipino, Filipino) 5.2%, Tamil 2.7%, Spanish 1.6%, Mandarin 1.3%.

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 Cabbagetown-South St.James Town (2025): 26% above the Toronto average, down 8% from the year before.

  • Assault40% above average
  • Break and enter70% above average
  • Auto theft59% below average
  • Robbery85% above average
  • Theft from vehiclesabout average
  • Shootingsnone reported

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 23 active

  • 405 SHERBOURNE ST · 250 m
    Site Plan · Application Received · applied 2026
    Site Plan Control Application for a 35-storey (112.6) metre building (excluding mechanical penthouse) 25,069 square metres of residential gross floor area and…
    Application details
  • 124 ISABELLA ST · 450 m
    Site Plan · Under Review · applied 2025
    To permit the construction of two buildings, with building heights of 56 and 60 storeys and approximately 1,362 dwelling units, and a POPS. The project retains…
    Application details
  • 440 JARVIS ST · 300 m
    Site Plan · Under Review · applied 2025
    Site Plan Approval for a 56-storey mixed-use building. The proposed building contains a total of 579 dwelling units, of which 36 are rental replacement units,…
    Application details
  • 440 JARVIS ST · 300 m
    Official Plan / Zoning By-law Amendment · OMB Appeal · applied 2025
    Combined Official Plan & Zoning By-law Amendment for a 56-storey mixed-use building. The proposed building contains a total of 579 dwelling units, of which 36…
    Application details
  • 240 WELLESLEY ST E · 300 m
    Plan of Subdivision · Under Review · applied 2024
    Draft Plan of Subdivision to establish two development blocks with pedestrian and vehicular connections into and through the subject site. A new public park…
    Application details
  • 8 EARL ST · 300 m
    Site Plan · Under Review · applied 2024
    Site Plan Application to permit a 63-storey residential building including a total of 50,580.8 square metres of residential gross floor area which will result…
    Application details

27 more within 500 m.

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): 2 km. Transit times · Driving times

Coming transit

  • 🚧 Moss Park 1.4 km
  • 🚧 Queen 1.6 km
  • 🚧 Distillery District 1.9 km

Stations under construction or approved. Opening dates are the latest public estimates and often move.

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 R

Residential (with a site-specific exception).

  • ✅ Up to 6 homes on the lot (multiplex): a sixplex ward
  • ✅ Garden suite in the backyard
  • ✅ Laneway suite, if the lot backs onto a lane

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

No building permits at this address since 2014.

4 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

39 City street trees within 100 m. 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 GET HOME REALTY INC..

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

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