For saleMLS® C13527936

383 Eglinton Avenue E, Toronto, ON M4P 1M5

Mount Pleasant East, Toronto · Near Eglinton/Bayview · View map

$230,000
980Sq ft
Sale of businessType
NoneParking
$21,000/yrTaxes
$230,000
FreeholdNo monthly condo fee
Lot 23.7 x 82 ftThe land comes with the home

About this home

Exceptional opportunity to own a well-established Gabby's Franchise Pub & Restaurant in one of Toronto's busiest locations at Eglinton Avenue East & Mount Pleasant Road. Successfully operating for over 35 years, this profitable licensed restaurant enjoys a loyal customer base, strong neighborhood presence, and excellent visibility in a high-traffic commercial area. Weekly sales are approximately $15,000 (as per Seller), with over 70% of revenue generated from liquor sales, producing an impressive 75%+ gross profit margin on liquor. Very affordable occupancy costs with rent and TMI totaling only $4,484 per month. The business also includes a large one-bedroom apartment upstairs, currently rented for $2,000 per month, providing valuable additional income and helping offset operating expenses. Long-term lease in place until October 2030, plus one additional 5-year renewal option, offering long-term security. Fully LLBO licensed with 41 indoor seats and a 35-seat licensed outdoor patio, making it ideal for year-round dining and seasonal patio service. Operating hours are Monday to Friday from 3:00 PM to 2:00 AM and Saturday & Sunday from 12:00 Noon to 2:00 AM. Low flat franchise royalty and advertising fees. Online ordering is available through Uber Eats, DoorDash, and Gabby's online ordering platform, providing multiple revenue streams. Excellent opportunity for an owner-operator, family business, investor, or experienced restaurateur looking to acquire a profitable Toronto restaurant with stable cash flow and significant growth potential. Plenty of opportunities to increase sales through expanded marketing, catering, special events, sports nights, entertainment, and extended food promotions. Turnkey operation, repeat clientele, trained staff, and strong comm Rare. (We are not willing to de-brand, and any buyer is subject to approval to ensure they're a good fit. We won't hold anything up, but we do need to be confident the new buyer aligns with the operation.)

The home

Type
Sale of business
Square footage
980 sq ft
Lot size
23.7 x 82 ft

Ownership & fees

Ownership
Freehold
Monthly condo fee
None

Heating & cooling

Heating type
Gas Forced Air Closed
Air conditioning
Yes

Garage & parking

Total parking
None

Taxes & other

Property taxes
$21,000/yr
Tax year
2026
Occupancy
Tenant
Possession
TBA
Cross street
Eglinton/Bayview
Neighbourhood
Mount Pleasant East

More

MLS® number
C13527936

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Want to know something that isn’t listed?
Estimated monthly cost$2,678per month, all in
  • Mortgage
  • Property tax

Cash needed to close

    Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.

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    383 Eglinton Avenue, Toronto, ON M4P 1M5

    Mount Pleasant East, Toronto · Near Eglinton/Bayview

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    Sold history

    Listing history for 383 Eglinton Avenue

    See what this home and others at the same address were listed for, what they sold for, and how long it took.

    Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.

    Questions & answers

    Frequently asked questions about 383 Eglinton Avenue E

    Answers come straight from this home’s MLS® listing.

    How much is 383 Eglinton Avenue E listed for, and what would it cost each month?

    383 Eglinton Avenue E is listed for $230,000. With 20% down ($46,000), the mortgage payment would be roughly $928 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,678 a month, all in. That figure is an illustration, not a quote.

    Is 383 Eglinton Avenue E freehold or a condo, and is there a monthly fee?

    383 Eglinton Avenue E is a sale of business in Mount Pleasant East, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.

    Does 383 Eglinton Avenue E have a garage and parking?

    The listing does not show a garage. The listing does not include a parking space.

    What style of home is 383 Eglinton Avenue E?

    383 Eglinton Avenue E is a sale of business. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.

    How big is 383 Eglinton Avenue E, and what is the lot size?

    The lot is listed as 23.7 x 82 ft.

    How is 383 Eglinton Avenue E heated and cooled?

    Heating is gas forced air closed. Cooling is yes.

    What are the property taxes for 383 Eglinton Avenue E?

    Property taxes are $21,000 a year (2026), or about $1,750 a month.

    Where is 383 Eglinton Avenue E?

    383 Eglinton Avenue E is in the Mount Pleasant East community of Toronto. The nearest main intersection is Eglinton/Bayview. The postal code is M4P 1M5.

    Is 383 Eglinton Avenue E still for sale?

    Yes. It is an active listing (MLS® C13527936). Listings here update from the board through the day and come down once a home sells.

    What are similar properties near 383 Eglinton Avenue E asking?

    Similar properties for sale nearby right now include 110 - 5555 Eglinton Avenue W at $249,000, 461 Eglinton Avenue E at $199,000 and 4- 2468 Eglinton Avenue W at $169,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.

    What have homes at 383 Eglinton Avenue sold for?

    Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.

    How do I book a showing at 383 Eglinton Avenue E?

    Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.

    Have a different question? Ask about this home and get an answer, usually within the hour.

    *Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.

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