Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

880 Ellesmere Road N212/214/215/216/217, Toronto, ON M1P 2W6

Sale Of Business
$199,000

Prime Scarborough restaurant opportunity, first time on market in over 35 years! Well-established, fully equipped, turnkey operation situated in a high-traffic, sought-after location. Over 4,000 sq. ft. with 60-seat capacity, strong revenue from dine-in, walk-in traffic, and delivery platforms (Uber Eats, Door Dash, Skip The Dishes), plus a loyal, long-standing customer base. Currently operating lunch and dinner, with excellent upside potential to add breakfast service. Flexible lease terms available with a landlord committed to supporting a smooth transition. A rare opportunity for experienced restaurateurs or investors to acquire a proven, cash-flowing business in a premium location. Don't miss this chance to own a piece of Scarborough's culinary history!

MLS number
E13626508
Type
Sale Of Business
Status
Active
Bedrooms
Bathrooms
Postal code
M1P 2W6
Photos
22
Property tax
$170,251 / year
46days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Matched to the building rather than the unit — every unit in a tower shares one coordinate.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries this address is inside

Glamorgan Junior Public School6.3 / 10
Elementary · Regular Track
TDSB boundary
Winston Churchill Collegiate Institute4.4 / 10
Secondary · Regular Track
TDSB boundary
Where these boundaries come from, and what they are worth

A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.

Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.

Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.

Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Al Haadi (9828770 Canada Institute)Elementary405 mNot reported
Enquiring Minds Montessori SchoolElementary491 mNot reported
Ellesmere-Statton Public School
Toronto DSB
Elementary525 m6.4 / 10
64% met the standard
Bond International CollegeSecondary1.2 kmNot reported
Bond AcademyElementary and secondary1.2 kmNot reported
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 1,739 people.

$55,600Median household income
28.3%Own their home
0%Detached houses
39.2Median age
63.1%Born outside Canada
18.5%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35204145 — the few blocks around this address, home to 1,739 people. It describes the area, not this property.

1,739Population
39.2Average age
2.6Household size
$66,400Average household income
$55,600Median household income
28%Own their home
72%Rent
38%Condominiums
63%Born outside Canada
19%University degree
$496,000Average home value
26%Low income
83%Not in the labour force
41%Never married
Under $5,0003%
$5,000 to $9,9991%
$10,000 to $14,9993%
$15,000 to $19,9993%
$20,000 to $24,9997%
$25,000 to $29,9994%
$30,000 to $34,9995%
$35,000 to $39,9994%
$40,000 to $44,9993%
$45,000 to $49,9995%
$50,000 to $59,9997%
$60,000 to $69,9998%
$70,000 to $79,9995%
$80,000 to $89,9995%
$90,000 to $99,9995%
$100,000 and over17%
$100,000 to $124,9998%
$125,000 to $149,9994%
$150,000 to $199,9993%
$200,000 and over1%

Percentages are of the 780 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$39,800 · minimum here is $9,950
$881.13per month
Borrowed before insurance$159,200
Total borrowed$159,200
Interest over 25 years at 4.5%$105,139

If you rented it out

-$15,068.71per month out of pocket
Rent$0.00
Everything it costs to hold$15,068.71
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

What’s being built nearby

Planning applications within 500 m — 1 still in progress.

30 PROGRESS AVE293 m
Under Review · applied August 14, 2012

INACTIVE Proposed place of worship in existing 846 square metre industrial building.

City planning file →
2031 KENNEDY RD381 m
Closed · applied October 27, 2023

This proposal is in relation to the 440 square metre commercial portion of an already approved mixed-use development that is currently under construction. The commercial portion of the site has 6 designated parking spaces on both Level P1 and Level 1.…

City planning file →
1001 ELLESMERE RD450 m
Closed · applied July 10, 2023

Part Lot Control exemption is requested to allow for the division of the property for the creation of twenty-four (24) freehold townhouse units comprised of three (3) buildings.

City planning file →
1001 ELLESMERE RD450 m
Closed · applied August 31, 2022

Site Plan Amendment to permit 24 townhouses on Block 3. The rezoning and draft plan of subdivision has been approved by the Ontario Municipal Board (OMB) - See Case/Decision No. PL140391 for additional details. NOAC issued Dec.…

City planning file →
2031 KENNEDY RD381 m
Closed · applied May 11, 2022

Draft Plan of Standard Condominium for 31 and 34 storey residential condominium apartment towers on the west portion of the site with a total of 658 dwelling units

City planning file →
39 DUNDALK DR239 m
Closed · applied May 12, 2021

City-initiated development on a City-owned community housing property to add a Modular Housing six-storey building addition comprised of 57 bachelor units. The building will include common rooms, a dining room, program space and administrative offices.…

City planning file →
8 WILLIAM KITCHEN RD408 m
Closed · applied February 14, 2020

Proposed one-storey, 544 square metre retail building with 4 units located within the existing Kennedy Commons parking lot. A new sitting & landscaped area is also proposed beside William Kitchen Rd.

City planning file →
1001 ELLESMERE RD450 m
Closed · applied August 27, 2019

Condominium application to establish common roadway to provide access to rear garages and Jolly Way.

City planning file →
What these are

These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.

Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.

Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.

Listed by RE/MAX COMMUNITY REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.