582 Yonge Street, Toronto, ON M4Y 1Z3
Bay Street Corridor, Toronto · Near Yonge / Wellesley · View map
About this home
Highly recognized and well-established Korean rice dog franchise in the heart of downtown Toronto. Ideally situated in a high-traffic location with exceptional exposure, this turnkey business benefits from strong pedestrian traffic year-round, attracting locals, office workers, students, and tourists alike.Currently operating as a successful takeout restaurant with a 20-seat dine-in area, this business is easy to manage with minimal owner involvement. Monthly gross sales are approximately $70,000 (as per the seller), with food costs averaging 28-30%, offering an efficient and profitable operating model.The lease includes no demolition clause, providing added security and long-term peace of mind for the purchaser. An excellent opportunity to acquire a proven franchise in one of Toronto's busiest and most desirable commercial districts.
The home
- Type
- Sale of business
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Open
- Air conditioning
- Yes
Garage & parking
- Garage
- Street
- Total parking
- None
Taxes & other
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Yonge / Wellesley
- Neighbourhood
- Bay Street Corridor
More
- MLS® number
- C13508840
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
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.
582 Yonge Street, Toronto, ON M4Y 1Z3
Bay Street Corridor, Toronto · Near Yonge / Wellesley
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Listing history for 582 Yonge Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 582 Yonge Street
Answers come straight from this home’s MLS® listing.
How much is 582 Yonge Street listed for, and what would it cost each month?
582 Yonge Street is listed for $240,000. With 20% down ($48,000), the mortgage payment would be roughly $968 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $1,118 a month, all in. That figure is an illustration, not a quote.
Is 582 Yonge Street freehold or a condo, and is there a monthly fee?
582 Yonge Street is a sale of business in Bay Street Corridor, 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 582 Yonge Street have a garage and parking?
Yes. The listing shows the garage as street. The listing does not include a parking space.
What style of home is 582 Yonge Street?
582 Yonge Street is a sale of business. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How is 582 Yonge Street heated and cooled?
Heating is gas forced air open. Cooling is yes.
Where is 582 Yonge Street?
582 Yonge Street is in the Bay Street Corridor community of Toronto. The nearest main intersection is Yonge / Wellesley. The postal code is M4Y 1Z3.
Is 582 Yonge Street still for sale?
Yes. It is an active listing (MLS® C13508840). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 582 Yonge Street asking?
Similar properties for sale nearby right now include 103A - 6212 Yonge Street at $248,000, 4900 Yonge Street at $249,000 and 4920 Yonge Street at $268,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 582 Yonge Street 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 582 Yonge Street?
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.
Similar properties nearby
More properties for sale near Bay Street Corridor, picked by style, size and price.
Sale of business$248,000103A - 6212 Yonge Street, TorontoNewtonbrook WestCourtesy of: SUPERSTARS REALTY LTD.View home →
Sale of business$249,0004900 Yonge Street, TorontoLansing-WestgateCourtesy of: HOMELIFE LANDMARK REALTY INC.View home →
Sale of business$268,0004920 Yonge Street, TorontoLansing-WestgateCourtesy of: RE/MAX HALLMARK REALTY LTD.View home →Courtesy of: ROYAL LEPAGE REAL ESTATE ASSOCIATES
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.