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    For Sale - 424 Preston Street, Dows Lake - Civic Hospital and Area, Ontario

    Est payment $322/mo
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    Time on Jump  2 day

    AI Summary *

    • Fully equipped restaurant ready for immediate operation in vibrant Little Italy.
    • Spacious interior with seating for 35 guests and a trendy bar.
    • Functional commercial kitchen with additional prep and storage areas.
    • Prime location with excellent foot traffic near established businesses.
    • Opportunity to negotiate a new long-term lease with the landlord.




    Incredible opportunity to own a stunning, turn-key restaurant in the heart of little italy! Offered as a sale of business, this fully equipped and beautifully designed restaurant spans approximately 1,300 sq. Ft. And includes everything you need to walk in and operate immediately. The space features a functional commercial kitchen, seating for approximately 35 guests, a large, trendy bar, two washrooms, and additional prep and storage areas in the basement with a separate back entrance and 3-car parking. Located on vibrant preston street, surrounded by established restaurants, retail, government offices, and residential towers, this location offers excellent exposure and consistent foot traffic year-round. The sale includes all restaurant assets, furniture, fixtures, and equipment (ff&e), valued at $100,000, but offered to purchase for $65,000. Buyers will have the opportunity to negotiate a new long-term lease with the landlord or assignment of the lease. Triple-net rent is $4,200/month plus hst for base rent, with additional rent of approximately $1825. 73/month plus hst w/ 2. 5 yrs remaining on lease until spring 2028; rent subject to annual increases. Utilities are separate and paid by tenant. Proof of restaurant experience and financial capability required. See attached feature sheet for full list of included assets. See sub lease listing mls# x12474426.
    Listing IDX12563664
    Address424 Preston Street
    CityDows Lake - Civic Hospital and Area, Ont…
    Price$65,000
    Bath2 Full
    StyleSale Of Business
    Land Size2500
    TypeBusiness
    StatusFor Sale

    Subtype Sale Of BusinessCommunity Features Major HighwayBasement 1Heating / Cooling Gas Forced Air Closed

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    Listing Agency:  EXP REALTY
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    424 Preston Street
    Dows Lake - Civic Hospital and Area , Ontario
    2 $65,000
    Get more info