• Mobile: 647-937-8237
  • Office: 905-731-2000
  • Fax: 905-886-7556

$395,000
Available - For Sale
Listing ID: W12155318
1370 St Clair Aven West , Toronto, M6E 1C4, Toronto


A rare opportunity to own Ruchy, a well-established and beautifully renovated Indian fine dining restaurant located on a high-visibility corner in Toronto. Over $180K invested into upgrades, including new flooring, a completely modernized kitchen, and a full-service bar. LLBO License with 136 indoor seats, plus a private event room with its own mini bar (ideal for up to 30 guests), and a spacious patio accommodating 40+ guests. Ruchy is fully equipped and turn-key, with owned kitchen equipment, a new POS system, and a reservation platform. It boasts an active social media presence (Instagram & TikTok), 4.9 stars on Google with 160+ reviews, and has been featured on the Streets of Toronto website. The restaurant has quickly built a loyal clientele and offers menus crafted by gourmet chefs, supported by experienced and talented staff, all of whom are willing to stay on.
Price $395,000
Taxes: $0.00
Tax Type: N/A
Assessment Year: 2024
Occupancy: Owner
Address: 1370 St Clair Aven West , Toronto, M6E 1C4, Toronto
Postal Code: M6E 1C4
Province/State: Toronto
Directions/Cross Streets: St. Clair and Lansdowne
Washroom Type No. of Pieces Level
Washroom Type 1 0
Washroom Type 2 0
Washroom Type 3 0
Washroom Type 4 0
Washroom Type 5 0
Category: Without Property
Use: Restaurant
Total Area: 0.00
Retail Area Code: Sq Ft
Business/Building Name: Ruchy - Fine Indian Restaurant by Gou
Financial Statement: F
Chattels: T
Franchise: F
Days Open: O
Hours Open: 11:30 a
Employees #: 2
Seats: 136
Washrooms: 0
Heat Type: Gas Forced Air Open
Central Air Conditioning: Partial
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$
$ /Year
%
$ /Year
$ /Year
$ /Year
Years
%
%
Percent Down:
Down Payment $19,750 $39,500 $59,250 $79,000
First Mortgage $375,250 $355,500 $335,750 $316,000
CMHC/GE $15,010 $11,020.5 $9,401 $0
Total Financing $390,260 $366,520.5 $345,151 $316,000
Monthly P&I $1,925.86 $1,808.71 $1,703.26 $1,559.4
Expenses $0 $0 $0 $0
Total Payment $1,925.86 $1,808.71 $1,703.26 $1,559.4
Income Required $72,219.84 $67,826.71 $63,872.17 $58,477.61

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

$
%
Years
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
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Mehdi Moghareh Abed
Sales Representative
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647-937-8237
Bus:
905-731-2000
Fax:
905-886-7556
 
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At a Glance:
Type: Com - Sale Of Business
Area: Toronto
Municipality: Toronto W03
Neighbourhood: Corso Italia-Davenport
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Tax: $0
Maintenance Fee: $0
Beds: 0
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Fireplace: N
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