Fonda Lola Turnkey Mexican Bistro with Patios in Prime Queen West An exceptional opportunity to own a thriving, fully licensed restaurant in the heart of one of Toronto's trendiest neighborhoods. Offering 1,115 sq ft of interior space with seating for 40guests inside, plus a beautifully landscaped rear patio with capacity for 40 guests. During the summer, take advantage of Cafe TO additional 20 seats, bringing total capacity to 100.Liquor License (LLBO): 40 interior / 40 patio/20 Cafe TO Full Commercial Kitchen New 5-Year Lease in place until July 2030Net Rent: $6,500/month + TMI. Very favorable renewal terms in lease. Fully equipped basement with 4 washrooms, an office, and ample storage Fonda Lola is a well-loved casual bistro known for its vibrant atmosphere, sustainable ingredients, and fresh, locally sourced Mexican cuisine and cocktails. This is a rare turnkey opportunity in a high-traffic, high-visibility location. Perfect for a chef-driven concept or experienced operator looking to capitalize on a vibrant, loyal local clientele and a strong seasonal patio presence.
Percent of Building:
33
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
No
Total Area:
1115 sq. ft. Square Feet
Total Area:
1,115 sq. ft.104 m2
Retail Area:
1115 sq. ft. Sq Ft
Industrial Area:
0 sq. ft. Sq Ft
Office/Apt Area:
0 sq. ft. Sq Ft
Depth:
92'7"28.2 m
Frontage:
18'10½"5.75 m
Bathrooms:
4.0
Water supply:
Municipal
Zoning:
CR, CR3(c1 ;r2.5*1551)
Heating type:
Electric Hot Water
Garage:
None
HST Applicable To Sale Price:
In Addition To
Type Taxes:
TMI
Taxes:
$0 /
2025
Assessment:
$- /
-
Toronto C01
Trinity-Bellwoods
Toronto
Public Transit
Partial
Dishwasher and Glasswasher machine
3 comp sink, Dish washer machine (rented) Grease trap Two racks 1 chest freezer, Two glass door standing fridge with light TRUE, 1 deep fryer, 1 6 burner stove with double oven GARLAND, 1 gas grill 16'' WELLS, 1 kitchen hood 8ft, 1 fire suppression system, 2 hot tables WINCO, 1 double door low boy fridge, 1 double door pizza/salad fridge (top lift), 2 stainless steel tables, 1 commercial blender, Heat lamp, 3 chest freezer, 1 bar fridge with glass sliding doors, 2 standing fridges Metallic racks Glass washing machine (rental), Bar fridge 3 glass sliding doors, Ice machine Espresso machine Coffee grinder Hand sink Racks, Back bar rack with LED lights, POS system -- TOAST, Wine fridge Desk and chair Printer and scanner Racks, Marble tables, Chairs, Plates, Glasses Wine glasses, Cocktail glasses Cutlery fo
None
No
Utilities:
Available
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
Yes
Condo Fee:
$0
Expenses Actual/Estimated:
Estimated
Year Expenses:
2025
Business/Building Name:
Fonda Lola Mexican Bistro
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
No
Days Open:
Open 7 Days
Hours Open:
M-F 5-10, Sat 12-1030, Sun 12-9 (hours vary seasonally)
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