Home · Buy · Toronto C01 · 720 Spadina Avenue 111, Toronto, ON M5S 2T9
+ 24 photos
For Sale · Sale Of Business
720 Spadina Avenue 111, Toronto, ON M5S 2T9
Toronto C01 · University
Pay garage
0
Beds
—
Baths
0
Parking
3890 sq ft
Sq ft
—
Built
The honest picture
List price
$299,000
Renavu Estimate
—
Benchmark · All homes
$1,236,100
Listed 76% below the University benchmark for all homes homes (TRREB HPI, June 2026). Estimate for guidance only — not an appraisal.
About this home
Amazing opportunity to own an established and fully-renovated shisha & entertainment lounge with a full commercial kitchen. Prime location facing Spadina, with a 17-storey condo building above. Strategically located across from U of T, and steps to the Spadina Subway station. Could be converted to a banquet hall, restaurant & bar, billiards, etc. Full kitchen with exhaust hood, grill, fryers, walk-in freezer, walk-in coolers, prep tables, etc. Long lease 7.5 years + 5 years option to renew. 110 seats + 80 seat patio. Used to have L.L.B.O. - possible to obtain the license again. Don't miss this one! Value priced to sell - Equipment & set-up worth the price!
Property details
Listed on
March 22, 2026
Days on market
124 days
Property tax
$0 (2026)
Heating
Gas Forced Air Closed
Cooling
Yes
MLS®
C12907188
Full details
Parking
GaragePay
Property & sold history
🔒
See this home's sale & listing history
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What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 5.0%
$
Down:or type any amount above
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$2,960
Toronto municipal LTT$2,960
Legal · title · inspection$2,800
Closing costs$8,720
Down payment$14,950
Total cash to close$23,670
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.