76 Gerrard Street E
Church-Yonge Corridor, Toronto, M5B 1G6
$165,000
Listed 7 days ago · MLS® C14019232
About this home
An exceptional opportunity to acquire a fully built-out, 1,500 sq. ft. turnkey restaurant space located at 76 Gerrard Street East, in the heart of downtown Toronto. Currently operating as a fully equipped Omakase Japanese restaurant, this premium location is positioned directly across from Toronto Metropolitan University. The property benefits from high-traffic visibility, dense pedestrian footfall, and immediate proximity to high-density residential condominiums, making it an ideal venue for established brands, expanding franchises, or independent operators. The premises feature an LLBO license accommodating 70 indoor seats and 59 outdoor patio seats. The versatile layout allows for seamless conversion to suit any culinary concept. Exceptionally low monthly rent of approximately $ 8,000 (inclusive of TMI and HST).
Details
- Type
- Sale Of Business
- Garage
- None
- Neighbourhood
- Church-Yonge Corridor
- Municipality
- Toronto C08
Heating, cooling and services
- Heating
- Gas Forced Air Open
- Air conditioning
- Yes
- Utilities
- Yes
Building and exterior
- Building area
- 1,500 Square Feet
More
- Possession
- TBA
- Cross street
- Church St And Gerrard St
- 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
- 🚇 College Subway6 min walk
- 🚇 TMU Subway7 min walk
- 🚆 Toronto Union Station GO1.7 km
Within a 10-minute walk: 24 grocery stores, 347 cafés and restaurants, 29 parks, 34 pharmacies. Nearest grocery: Fleets Food (100 m). Nearest park: Pitman Quad (150 m).
Schools nearby
Elementary
- Church Street Junior Public School
EQAO: Gr 6 reading 84%, math 45%6 min walk - Saint Michael's Choir School Catholic8 min walk
- École élémentaire Gabrielle-Roy French
EQAO: Gr 6 reading 100%, math 88%9 min walk - Our Lady of Lourdes Catholic School Catholic
EQAO: Gr 6 reading 80%, math 43%11 min walk
Secondary
- Collège français French4 min walk
- Native Learning Centre6 min walk
- Jarvis Collegiate Institute
EQAO: Gr 9 math 34%, literacy test 80%10 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 M5B
- Owners / renters
- 28% / 72%
- Median household income
- $58,000
- Average age
- 37
- Children under 15
- 5%
- Homes
- 0% detached, 94% high-rise
- Commute by transit
- 30%
- Population
- 17,422
Languages spoken most at home besides English: Mandarin 6.8%, Yue (Cantonese) 2.1%, Korean 1.8%, Spanish 1.7%.
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 Downtown Yonge East (2025): 123% above the Toronto average, down 17% from the year before.
- Assault207% above average
- Break and enter45% above average
- Auto theft66% below average
- Robbery83% above average
- Theft from vehicles84% above average
- Shootings47% 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 35 active
-
335 YONGE ST · 400 mSite Plan · Application Received · applied 2026This application is to facilitate a Site Plan Agreement for the subject site, which would permit an extension of the temporary use permit for the outdoor…
-
21 MCGILL ST · 300 mSite Plan · Under Review · applied 2026Site Plan Approval for a 7-storey addition to the existing Covenant House Toronto. The proposal would increase its youth crisis and supportive housing capacity…Application details
-
349 GEORGE ST · 300 mOfficial Plan / Zoning By-law Amendment · Under Review · applied 2025Lift the Hold application related to a new 10-storey building, containing 80 emergency shelter beds, 100 transitional shelter beds, 124 long-term care beds, 70…Application details
-
33 DUNDAS ST E · 450 mPlan of Condominium · Under Review · applied 2025Draft Plan of Condominium Standard (Technical Stream) for two unitsApplication details
-
2 CARLTON ST · 450 mSite Plan · Under Review · applied 2025Site Plan application for an 80-storey tower containing 69,448 square metres of residential GFA and 10,037 square metres of non-residential GFA (Non-res GFA…Application details
-
506 CHURCH ST · 500 mSite Plan · OMB Appeal · applied 2024Site Plan Approval for a 48 storey mixed use building and restoration to the heritage protected properties at 508-510 Church St. Approximately 4390 square…Application details
41 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 850 m
- 🚧 Queen 850 m
- 🚧 Osgoode 1.2 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 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.
Heritage Protected
This address is on Toronto’s Heritage Register: Designated (Part IV). Changes to the outside (and sometimes inside) usually need a heritage permit, and demolition is restricted.
Building permits
- Multiple Projects · 2019 · Inspection1-RENO TO RESTAURANT-30 SEATS, 2-HVAC-KITCHEN EXHAUST, 3-PLUMBING-ADD 17 FIXTURES
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
95 City street trees within 100 m. That’s more 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 BROADWAY REALTY INC..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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