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Home · Buy · Toronto E04 · 516 Danforth Road, Toronto, ON M1K 1C7
516 Danforth Road, Toronto, ON M1K 1C7
516 Danforth Road, Toronto, ON M1K 1C7
516 Danforth Road, Toronto, ON M1K 1C7
516 Danforth Road, Toronto, ON M1K 1C7
516 Danforth Road, Toronto, ON M1K 1C7+ 18 photos
For Sale · Sale Of Business

516 Danforth Road, Toronto, ON M1K 1C7

Toronto E04 · Clairlea-Birchmount
◷44 days on market
Plaza garage
—
Beds
—
Baths
—
Parking
1200 sq ft
Sq ft
—
Built

About this home

Exceptional turnkey restaurant opportunity in the heart of Scarborough! Situated in a high-visibility location surrounded by established businesses and mature residential communities, this is approximately 850 sq. ft. restaurant is fully equipped and ready for immediate operation. Features include 30 indoor seats, a 30-seat outdoor patio, front and rear parking, plus additional street parking at the rear. Attractive lease terms offer low rent of approximately $4,400 per month, including TMI, with four years remaining under sublease and a renewal option. A liquor licence is also available. All chattels are excluded from the listing price. The landlord requires separate security and chattel deposits, which are negotiable. Offer acceptable under landlord consent.

Property details

Listed on
August 2, 2026
Days on market
44 days
Property tax
$0 (2025)
Heating
Gas Forced Air Closed
Cooling
Yes
MLS®
E13630772

Full details

Parking
GaragePlaza

Property & sold history

Listing history
Date StartDate EndPriceStatusListing ID
August 2, 2026—$189,000For SaleE13630772
🔒

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Comparables

Gathering recent comparable sales nearby…

Run the numbers

True cost to close
What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 20.0%
$
Down:or type any amount above
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$1,615
Toronto municipal LTT$1,615
Legal · title · inspection$2,800
Closing costs$6,030
Down payment$37,800
Total cash to close$43,830
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.
$189,000
MLS® E13630772 · Listed by RE/MAX ACE REALTY INC.
Call The Renavu Team
Shan Perinpanathan
Shan Perinpanathan
Real Estate Broker, ABR, SRS
416.655.4040
Pam Thiyagarajah
Pam Thiyagarajah
Sales Representative
416.436.0546
Ragu Rajaguru
Ragu Rajaguru
Real Estate Broker
416.712.2006
One team. No spam. We reach out once — when you ask.

Listing courtesy of RE/MAX ACE REALTY INC.. Presented by Royal LePage Ignite Realty, Brokerage. Data provided by TRREB — deemed reliable but not guaranteed; for consumers' personal, non-commercial use. Listing information last updated August 6, 2026.

$189,000

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Neighbourhood market

The Clairlea-Birchmount market

How homes are selling here right now — sold data for August 2026.

Seller's marketAll home types in Clairlea-Birchmount · 40 sales over 3 months
Buyer'sBalancedSeller's

Homes in Clairlea-Birchmount are selling in about 28 days, typically at 100.4% of asking. Expect competition and little room to negotiate.

Median sold · Clairlea-Birchmount
$890,000
▲ 3.5% year over year
Homes sold · this month
6
21 days on market avg
Sold vs asking
106%
over asking — seller's market
Other median · Toronto East
—
12-month trend
See the full Toronto East market report →

Aggregate TRREB sold data. Neighbourhood figures with only a handful of sales are held back so no single sale is identifiable.

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