The Dive Shop is a stunning licensed restaurant and bar with a rich history and strong local following, located in the heart of one of Toronto’s coolest neighbourhoods. Known for its unique character and thoughtfully designed interior, this 1,200 sq ft space offers a distinctive layout that stands out in the market.

The restaurant features a full kitchen with an 8-ft commercial hood, and two patios—front and back—with combined seating for 77 (41 indoors, 36 on patios). The inviting atmosphere and standout buildout make it ideal for a variety of concepts, from casual dining to elevated bar service.

Adding to its appeal is a beautifully finished two-bedroom, two-bathroom apartment upstairs, designed by the same architect. This space is perfect for an owner/operator or can be used as an income-generating rental or Airbnb. Gross rent is $10,400, which includes both the restaurant and the upstairs apartment. Please do not go direct or speak to staff.

This licensed restaurant offers a rare combination of hospitality and residential space, featuring two patios and a beautifully designed upper-level apartment. The apartment spans 1,200 sq ft and includes two bedrooms, two bathrooms, and skylights that fill the space with natural light. Currently used as a private residence, it’s perfectly suited for either short- or long-term rental income.

The restaurant is well-equipped with 200-amp power and four independent bathrooms on the main level. All equipment, leaseholds, and systems are modern and high-end, including a professional sound system, DJ booth, and full security setup.

The spacious back patio features a large projection screen, making it ideal for events, parties, or themed nights—an excellent opportunity for operators looking to create a unique, multifunctional venue.