19 Lapsley Road,Toronto (Malvern), ON M1B1N1
Toronto (Malvern), ON M1B1N1
Description
Turnkey restaurant opportunity in a busy, well-established Scarborough plaza - a rare chance to step into a fully built, mint-condition kitchen with no construction cost, no permit delays and no build-out budget. Constructed new only a few years ago and meticulously maintained, the room seats 36 in a warm contemporary setting and is anchored by a full 16-foot commercial hood, a system sized well beyond what most rooms this size carry and enough to run tandoor, wok, grill and fryer lines together, so the kitchen will support virtually any cuisine a new owner brings to it. Just as telling is why it is available: the previous operator did not fail here - they succeeded, outgrew the space and relocated to a larger location, leaving behind proven demand, an established customer habit and equipment barely broken in. The plaza generates genuine daily traffic of its own, anchored by a TD Canada Trust branch, Pizza Pizza, a medical clinic and other food tenants, with ample surface parking at the door. The surrounding community is one of Toronto's youngest and most diverse - more than 44,000 residents and over 60 cultures represented, among the highest concentrations of young people anywhere in the country. Centennial College's Progress Campus, home to its Schools of Business and of Hospitality, Tourism and Culinary Arts, is minutes away, offering both student traffic and a genuine local hiring pool. Dense residential and commercial blocks, temples and places of worship, schools, parks and a hospital are all close by, with TTC routes at the door and Highway 401 minutes south for delivery, catering and commuter reach. Ideal for a family business, a first restaurant, a second location or a concept conversion - a low-risk entry into a growing market with real room to grow. Equipment list, lease terms and financials available to qualified buyers on a signed confidentiality agreement. (id:13843)
Details
| MLS # | E13842850 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 33 |
| Listing Provided By | RE/MAX OPTIMUM REALTY | HARISH NAGABHAIRU |
Features
| SQ Feet | 1,457 |
|---|---|
| Zoning | PARCEL G-2, SECTION M1517 BLK G |
Interior
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 0 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Toronto (Malvern) |
| Postal Code | M1B1N1 |
| Listing VS Median (in M1B1N1) | |
Price: $275,000 low | high Med: $275,000 sqft: 1,457 low | high Med: 1,457 $ / sqft: $189 low | high Med: $189 On site: 33 low | high Med: 33 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Toronto (Malvern) |
| Postal Code | M1B1N1 |
| Listing VS Median (in M1B1N1) | |
Price: $275,000 low | high Med: $275,000 sqft: 1,457 low | high Med: 1,457 $ / sqft: $189 low | high Med: $189 On site: 33 low | high Med: 33 | |