Address
23 Drewry Avenue, Toronto, ON
Price
$ 230,000
Property Attributes
  • ID#C13575608
  • TypeCommercial
  • Listing Status Price Change
  • CityToronto
  • AreaNewtonbrook West
  • NeighbourhoodNewtonbrook West
  • Postal CodeM2M 1C9
  • StyleCafe
  • Price$ 230,000
  • Bedrooms0
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage1050
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

An outstanding opportunity to own a well-established and profitable café in the heart of Yonge & Drewry, one of North York's most desirable commercial locations. Surrounded by office buildings, high-rise condominiums, schools, and residential communities, this business enjoys excellent visibility, strong foot traffic, and a loyal customer base. The café generates strong sales and an attractive net income while benefiting from an affordable gross rent of only $3,960 per month (TMI included). Utilities are paid separately, and the annual insurance premium for the unit is approximately $3,000. A new lease is available for the incoming owner. The current lease expires in September 2027 and includes an option to renew for an additional two years. Operating seven or six days a week from 8:00 AM to 9:00 PM, the business offers a simple, easy-to-manage operation with a streamlined menu and a fully equipped kitchen. The beautifully renovated interior creates a warm and inviting atmosphere, requiring no additional investment. This business also offers excellent growth potential through catering services and increasing residential density, with several new condominium developments planned nearby.

Price History
7/17/2026 Listed $288,000
7/24/2026 11$258,000
8/27/2026 11$230,000

General Features

Cooling Yes
Security Features Yes
Heater Type Gas Forced Air Open
Property Subtype Sale Of Business
Tax Year 2026
Lot Depth 0.0
Business Type Cafe
Business Name Cafe Namoo
County Toronto
New Construction No
Property Type Commercial
Attached Garage No
Garage Y/N No
Status Price Change
City Toronto C07
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 0.0
Building Area Units Square Feet
Standard Status Active
Occupancy Type Owner

Interior Features

Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Elevator? No
Total Baths 1
SeatingCapacity 45

Exterior Features

Garage Type Outside/Surface
Spa No
Building Area Total 1050.0
Waterfront Y/N No
LotDimensionsSource Other

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in M2M 1C9

Price
AVG $170K
$230K
Visits
AVG 52
74
Data Provided by Inside Real Estate®