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RE/MAX PREMIER INTERNATIONAL INC., Brokerage logo

Frank Merigliano

Team Leader - VIPCondosToronto / Sales Representative - RE/MAX PREMIER INTERNATIONAL INC., Brokerage

RE/MAX PREMIER INTERNATIONAL INC., Brokerage · Independently Owned & Operated

1885 Wilson Avenue, Toronto, Ontario, M9M 1A2

Phone: 416-885-0172

Listing data is provided under license from the Toronto Regional Real Estate Board (TRREB). TRREB assumes no responsibility for the accuracy of the information contained herein. Data is updated periodically and may not reflect the most current market activity. Not intended to solicit buyers or sellers currently under contract. MLS®, REALTOR®, and the associated logos are certification marks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

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MLS# C13104934Trinity-Bellwoods, Toronto · M5S 2K2
For SaleSale Of Business

501 College Street

$249,000
2,000 sqft$125/sq ft2d on market
MLS# C13104934Trinity-Bellwoods, Toronto · M5S 2K2
For SaleSale Of Business

501 College Street

$249,000

$125/sq ft · 2 days on market

Bedrooms
—
Size
2,000 sq ft
Parking
None
OverviewHistoryDetailsNeighbourhood

About This Listing

Exceptional opportunity to acquire a stunning, fully turnkey restaurant in the heart of Little Italy on vibrant College Street. Recently completed top-to-bottom renovations have transformed this space into a beautifully designed hospitality venue ready for immediate operation. Licensed for 110 indoor seats plus 8 on the existing patio, with the potential to expand through a CafeTO patio setup, this location offers incredible revenue potential in one of the city's busiest dining corridors. Surrounded by some of Toronto's most celebrated food and beverage destinations, this historically successful location benefits from exceptional foot traffic, strong neighborhood demographics, and constant exposure day and night. A rare chance to step into a polished, fully equipped restaurant in a proven high-demand area. PLEASE DO NOT GO DIRECT & DO NOT SPEAK TO STAFF. Your Discretion Is Appreciated.

Property Details

MLS NumberC13104934
Property TypeSale Of Business
StyleWithout Property
Listing TypeFor Sale
StatusActive
Size2,000 sq ft
Parking TypeStreet
Days on Market2
Listed2026-05-08
CommunityTrinity-Bellwoods
MunicipalityToronto
Cross StreetPalmerston

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May 2026

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Listing provided by RE/MAX ULTIMATE REALTY INC.

Based on information from the Toronto Regional Real Estate Board (TRREB). All information deemed reliable but not guaranteed and should be independently verified. The accuracy of information is not guaranteed, has not been verified, and does not constitute professional advice.

IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than identifying prospective properties consumers may be interested in purchasing or renting.

Sold and leased listing data is provided under the Virtual Office Website (VOW) data feed and is available only to registered users who have agreed to the Terms of Use. This data is for personal, non-commercial use only and may not be copied, redistributed, or retransmitted.

MLS®, REALTOR®, and the associated logos are certification marks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

This listing content is not intended to solicit properties already listed for sale or individuals who are currently under contract with a brokerage.

Data last updated: May 15, 2026 at 03:43 p.m.

Listing History — This Unit

May 08, 2026(8d ago)·2 DOM
$249,000
Active
RE/MAX ULTIMATE REALTY INC.
C13104934Current

Location & nearby

│
100
Walk
100
Transit

501 College Street

Nearby schools

Closest publicly funded schools within 5 km, ranked by EQAO standardized test scores

Elementary

3 schools

King Edward Junior and Senior Public School

331 m
PublicGrades JK-8
EQAO scoreExcellent
83 / 100

Top 25% of Ontario elementary schools

Per-grade breakdown & demographics▾
Per-grade EQAO breakdown
Grade 3R86%▼ 1.0W93%▲ 20.0M71%▼ 9.0
Grade 6R82%▼ 3.0W82%▼ 3.0M82%▲ 27.0

R = Reading · W = Writing · M = Math · arrows show 3-year change

485 students10% Special Ed20% Gifted

Kensington Community School School Junior

339 m
PublicGrades JK-6
EQAO scoreExcellent
97 / 100

Top 10% of Ontario elementary schools

Per-grade breakdown & demographics▾
Per-grade EQAO breakdown
Grade 3R100%▲ 44.0W100%▲ 38.0M91%▲ 47.0

R = Reading · W = Writing · M = Math · arrows show 3-year change

St Francis of Assisi Catholic School

389 m
CatholicGrades JK-8
EQAO scoreExcellent
80 / 100

Top 50% of Ontario elementary schools

Per-grade breakdown & demographics▾
Per-grade EQAO breakdown
Grade 6R90%W90%M60%

R = Reading · W = Writing · M = Math · arrows show 3-year change

80 students30% Special Ed0% Gifted

Secondary

3 schools

Harbord Collegiate Institute

704 m
PublicGrades 9-12
EQAO scoreExcellent
85 / 100

Top 50% of Ontario secondary schools

Per-grade breakdown & demographics▾
Per-grade EQAO breakdown
Grade 9 Math77%▲ 11.0
OSSLT literacy pass rate93%▼ 1.0

Arrows show 3-year change

students

EQAO score is the average of available reading, writing & math results, 0–100 · Source: Ontario Ministry of Education

PublicCatholicFrench

Transit access

Nearest rapid transit and bus stops

M
Nearest subway
Bathurst Station - Westbound Platform
1.1 km · every 2 min at peak
2
S
Nearest streetcar
College St at Euclid Ave
118 m · every 10 min at peak
306506

Bus stops within 800 m

5 stops

Nearby amenities

419 within a 10-min walk · 1787 within 20 min · click a card to see the closest ones

Daily essentials

🛒
Grocery
21within 800 m
+53more by 1.6 km
3 within a 5-min walk
  • FreshCo238 m
  • Riviera Bakery266 m
  • Goldstar Variety282 m
💊
130 students
25% Special Ed
0% Gifted
980
20% Special Ed
3% Gifted

Central Technical School

799 m
PublicGrades 9-12
EQAO scoreAverage
54 / 100
Per-grade breakdown & demographics▾
Per-grade EQAO breakdown
Grade 9 Math34%▲ 7.0
OSSLT literacy pass rate74%▲ 9.0

Arrows show 3-year change

985 students34% Special Ed1% Gifted

Loretto College School

1.0 km
CatholicGrades 9-12
EQAO scoreStrong
62 / 100
Per-grade breakdown & demographics▾
Per-grade EQAO breakdown
Grade 9 Math40%▼ 7.0
OSSLT literacy pass rate83%▼ 3.0

Arrows show 3-year change

510 students19% Special Ed0% Gifted
Harbord St at Palmerston Blvd
94
599 m
  • Harbord St at Palmerston Blvd
    94
    616 m
  • Harbord St at Bathurst St
    94
    620 m
  • Harbord St at Bathurst St
    94
    642 m
  • Harbord St at Clinton St
    94
    691 m
  • Source: TTC GTFS · straight-line distances · routes shown are short names

    Pharmacy
    16within 800 m
    +33more by 1.6 km
    6 within a 5-min walk
    • The Palmerston Pharmacy & HomeCare20 m
    • College Medical Pharmacy76 m
    • College Pharmacy II88 m
    🏪
    Convenience
    13within 800 m
    +50more by 1.6 km
    1 within a 5-min walk
    • Splish Splash310 m
    • Dundas Grocery447 m
    • E Zhan Bubble Tea Internet Café459 m
    🏦
    Bank / ATM
    10within 800 m
    +41more by 1.6 km
    4 within a 5-min walk
    • Meridian Credit Union118 m
    • Scotiabank230 m
    • BMO242 m
    📮
    Post
    2within 800 m
    +11more by 1.6 km
    • The UPS Store461 m
    • Canada Post583 m
    • The UPS Store1.1 km

    Food & drink

    🍽️
    Restaurants
    181within 800 m
    +594more by 1.6 km
    47 within a 5-min walk
    • Dai Lo3 m
    • La Carnita9 m
    • Harry's Charbroiled19 m
    ☕
    Coffee
    47within 800 m
    +157more by 1.6 km
    9 within a 5-min walk
    • Snakes & Lattes43 m
    • Boxcar Social Laneway48 m
    • Liu Loqum Atelier110 m
    🍺
    Bars & pubs
    46within 800 m
    +94more by 1.6 km
    23 within a 5-min walk
    • LoPan Bar2 m
    • Bar Raval8 m
    • District94 m

    Recreation

    🎭
    Entertainment
    8within 800 m
    +16more by 1.6 km
    1 within a 5-min walk
    • The Royal383 m
    • TLG417 m
    • No. 8 Hose Station429 m
    🏛️
    Community
    7within 800 m
    +27more by 1.6 km
    2 within a 5-min walk
    • St. Volodymir Ukrainian Orthodox Cathedral322 m
    • Makom: Creative Downtown Judaism327 m
    • Fort York Food Bank411 m
    🏋️
    Fitness
    3within 800 m
    +46more by 1.6 km
    1 within a 5-min walk
    • Urbanfitt Studio243 m
    • Flyt Club481 m
    • Lotus Yoga Center942 m
    📚
    Libraries
    3within 800 m
    +11more by 1.6 km
    1 within a 5-min walk
    • Paul B. Helliwell Patient & Family Library393 m
    • Toronto Seed Library477 m
    • Toronto Public Library - Sanderson544 m
    🌳
    Parks
    1within 800 m
    +2more by 1.6 km

    Services & shops

    🏥
    Healthcare
    30within 800 m
    +87more by 1.6 km
    15 within a 5-min walk
    • Bioped47 m
    • Immigrant Women's Health Centre59 m
    • LifeLabs69 m
    🛍️
    Shops
    28within 800 m
    +135more by 1.6 km
    6 within a 5-min walk
    • Lilliput Hats126 m
    • T-ShirtGuys179 m
    • Winners244 m
    ⛽
    Gas / EV
    2within 800 m
    +2more by 1.6 km
    • Tesla Destination Charger491 m
    • Esso536 m
    • FLO1.0 km
    🧸
    Daycare
    1within 800 m
    +9more by 1.6 km
    1 within a 5-min walk
    • Centro Clinton Day Care Centre396 m
    • Kids & Company1.1 km
    • Annex Montessori School1.2 km

    © OpenStreetMap contributors · counts are amenities tagged in OSM within walking distance