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. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Pharmacy Bar is a fantastic licensed bar and restaurant opportunity in Toronto's highly sought-after King Street West area, one of the city's premier dining, nightlife, and entertainment destinations. This intimate 860 Sq Ft space offers seating for 40 guests inside plus another 20 on the patio and is perfectly suited for a busy neighbourhood bar or hospitality concept. The premises feature 200-amp power, a commercial freezer, and an established patio that adds substantial seating during the warmer months. The compact and efficient footprint is ideal for a cocktail bar, wine bar, lounge, restaurant, or other licensed concept looking to establish itself in this exciting Toronto market. Excellent leaserate of just $5,505 with 1 + 5 + 5 years available, providing attractive overhead and excellent long-term potential. A rare opportunity to secure a turnkey licensed bar with a patio in the heart of Toronto's King West area. Please do not go direct or speak to staff or ownership.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$370/mo
Mortgage (principal + interest)$370
Minimum $4,950 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$19,800
Ontario land transfer taxProvincial brackets, no first-time refund$715
Toronto land transfer taxMunicipal brackets, no first-time refund$715
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$24,030
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Toronto adds its own land transfer tax; first-time buyers can get up to $4,475 back on it.
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. 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.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
