$ 275,000

19 Lapsley Road, Toronto

Turnkey restaurant opportunity in a busy, well-established Scarborough plaza - a rare chance to step into a fully built, mint-condition kitchen with no construction cost, no permit delays and no build-out budget. Constructed new only a few years ago and meticulously maintained, the room seats 36 in a warm contemporary setting and is anchored by a full 16-foot commercial hood, a system sized well beyond what most rooms this size carry and enough to run tandoor, wok, grill and fryer lines together, so the kitchen will support virtually any cuisine a new owner brings to it. Just as telling is why it is available: the previous operator did not fail here - they succeeded, outgrew the space and relocated to a larger location, leaving behind proven demand, an established customer habit and equipment barely broken in. The plaza generates genuine daily traffic of its own, anchored by a TD Canada Trust branch, Pizza Pizza, a medical clinic and other food tenants, with ample surface parking at the door. The surrounding community is one of Toronto's youngest and most diverse - more than 44,000 residents and over 60 cultures represented, among the highest concentrations of young people anywhere in the country. Centennial College's Progress Campus, home to its Schools of Business and of Hospitality, Tourism and Culinary Arts, is minutes away, offering both student traffic and a genuine local hiring pool. Dense residential and commercial blocks, temples and places of worship, schools, parks and a hospital are all close by, with TTC routes at the door and Highway 401 minutes south for delivery, catering and commuter reach. Ideal for a family business, a first restaurant, a second location or a concept conversion - a low-risk entry into a growing market with real room to grow. Equipment list, lease terms and financials available to qualified buyers on a signed confidentiality agreement. (id:1945)
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Property details for 19 Lapsley Road, Toronto

Type
Commercial
Bathrooms
2
Living Area
1,457 square feet
Lot Size
Unit=15 x 90 FT
Heating
Forced air, Natural gas
Cooling
Fully air conditioned

Nearby Listings Stat

Estimated price and comparable properties near 19 Lapsley Road

Active Listings
78
Min Price
$119,900
Max Price
$1,078,800
Avg Price
$576,253
Days on Market
53
days
Sold Listings
37
Min Sold Price
$330,000
Max Sold Price
$849,000
Avg Sold Price
$578,394
Days until Sold
52
days

Price History

Listed
September 30, 2026
by RE/MAX OPTIMUM REALTY
Current Price
$275,000
-31.1% from last change
Type
Commercial
For Sale
Price Changes
1
Date Price Change
Current $275,000 $124,000 (-31.1%)
Sep 30, 2026 $399,000 Listed

Contact Agent Get in touch about 19 Lapsley Road, Toronto

HARISH NAGABHAIRU
HARISH NAGABHAIRU
RE/MAX OPTIMUM REALTY