656 Spadina Avenue

ActiveDowntown Toronto / Waterfront · University77 days on marketMLS® C13158638

$99,000

$104 / sq ft

Bedrooms0

Bathrooms0

Interior950 sq ft

TypeCommercial

ListingFor Sale

Days on Market77

About this property

Shakes N Shawarma presents an outstanding opportunity to acquire a fully equipped turn-key restaurant business in one of downtown Toronto's busiest and most recognized commercial corridors. Positioned directly across from the University of Toronto, this highly visible location benefits from exceptional pedestrian and vehicular exposure, steady daily customer traffic, and strong surrounding density from residential, educational, retail, and professional communities. The area attracts a diverse customer base including university students, faculty members, healthcare professionals, office workers, tourists, local residents, rideshare drivers, and delivery traffic throughout the day and evening. Surrounded by Kensington Market, Chinatown, The Annex, Harbord Village, hospitals, office buildings, student housing, condominiums, cafés, banks, grocery stores, pharmacies, bookstores, and entertainment venues, the business benefits from constant activity and year-round demand. The premises are fully equipped for hot and cold food preparation and are suitable for a wide variety of concepts including shawarma, Middle Eastern cuisine, sandwiches, burgers, Indian, Italian, Chinese, bakery, café, dessert, smoothie, juice, salad bar, bubble tea, takeout, or franchise operations. The spacious second-floor dining area offers additional seating capacity and includes two washrooms, creating flexibility for dine-in, takeout, and delivery-focused models.Additional features include potential for a summer courtyard patio, partial garage and basement storage space, efficient operational layout, strong signage exposure, and one dedicated rear parking space. Excellent TTC connectivity and nearby streetcar routes further enhance accessibility for customers and staff.This is a rare opportunity for owner-operators, investors, or expanding restaurant groups seeking a proven high-demand downtown Toronto location with strong long-term growth potential, excellent surrounding demographics.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	C13158638
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	950 sq ft
Beds / Baths	0 bed · 0 bath
Neighbourhood	University
City	Downtown Toronto / Waterfront
Postal Code	M5S 2H7
Province	ON
Listed Date	May 21, 2026
Days on Market	77
Price per Sq Ft	$104
Brokerage	HOMELINK REALTY LTD.