$299,000 - 2891 Danforth Avenue, The Beaches
Commercial for Sale in The Beaches
Popular ListingNeighbourhood: East End-Danforth
- MLS Number
- E13665130
- Property Type
- Commercial
- Status
- active
- Days on Site
- 12
- Bedrooms
- 0
- Bathrooms
- 3
- Square Feet
- N/A sqft
- Neighbourhood
- The Beaches / Upper Beaches
- Listing Brokerage
- RIGHT AT HOME REALTY
Rare opportunity to own a well-established, family-owned Bangladeshi/Halal restaurant in a high-traffic Danforth Avenue location. Khazana Queen offers authentic Bengali cuisine, renowned biryani specialties, a loyal customer base, and a vibrant dining atmosphere. This fully equipped, operating business is an excellent turnkey opportunity for an experienced restaurateur or entrepreneur. The restaurant features approximately 1,800 sq.ft including the main floor and lower level, with seating for approximately 65 guests, including 45 on the main floor and 20 downstairs. The current owner has invested over $100,000 in renovations and improvements. Reported monthly gross sales are approximately $40,000-$45,000, with an approximate 15% profit margin. The business currently employs 12 staff members, and the owner is willing to provide training and transition support to the new operator. The premises are fully equipped with central A/C and heating, cooling units, commercial stove, commercial hood, commercial faucet, deep fridges, coolers/freezers, commercial fans, TV, central music system, microphone, POS system, new chairs, furniture, and more. Three washrooms are available, including one full washroom. Two dedicated parking spaces are also included. Lease: Approximately $2,333/month including TMI, with approximately 1+3 years remaining and renewal likely. Tenant responsible for water, hydro, gas, and hot water rental. Strong online presence with active website, social media, and online ordering platform. Ideally located at 2891 Danforth Avenue, surrounded by a busy commercial plaza with excellent foot and vehicle traffic. A true turnkey opportunity with an established operation, loyal clientele, attractive lease, extensive equipment, and training support.
Estimate your monthly payments for this property
Estimated Payment
$1,534.02/mo
Includes CMHC insurance ($8,342)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover East End-Danforth
East End-Danforth is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in East End-Danforth
- •Convenient location in The Beaches / Upper Beaches
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
East End-Danforth offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
2891 Danforth Avenue, The Beaches / Upper Beaches
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
Commercial property values in The Beaches are driven by location, zoning, current tenancy, and income potential — not the same $/sqft benchmarks as residential. I'll run a proper comparable sales analysis using recent commercial transactions in this area.
Commercial Market Pace
Commercial real estate transactions typically take 60–120 days from offer to close — longer than residential — due to financing conditions, environmental reports, and tenant estoppel reviews. This 12-day listing is within normal commercial market exposure.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in The Beaches transactions.