For Sale

49 St Clair Avenue West

Gatherings Restobar
Yonge & St. Clair - Toronto
$399,000
6,900 Sq Ft
Licensed Restaurant with Patio
Licensed for 320 + 20

Outstanding opportunity to take over a fully built-out and licensed restaurant in one of Toronto’s most desirable midtown neighbourhoods. Gatherings Restobar is located just steps from the bustling intersection of Yonge and St. Clair, surrounded by residential towers, offices, and consistent foot traffic. This spacious, well-equipped venue is ideal for a variety of restaurant or bar concepts.

The space boasts a rare liquor license for 320 seats inside plus an additional 20 on the patio. Featuring a large, functional kitchen with a 10 ft commercial hood and two walk-in fridges, the restaurant is set up for high-volume service and events. The layout includes multiple dining areas, a prominent bar, and flexibility for private bookings.

Offered at a gross monthly rent of $21,504 inclusive of TMI, utilities, and garbage. Strong sales history and a secure 7 + 5 + 5 year lease with no demolition clause make this a compelling choice for owner-operators or brands looking to expand. Available turnkey with training or can be rebranded to suit your vision.

Strategically located just steps from the St. Clair subway station, Gatherings Restobar sits in the heart of a high-density, high-demand neighbourhood. The area is a major transit and commuter hub, with steady foot traffic from the subway, streetcar, and busy vehicular routes. Surrounded by upscale residential towers and established communities, this location offers a built-in customer base day and night.

Property Details: The space features multiple seating zones, including a dramatic rear dining room with soaring ceilings—ideal for private events, team bookings, or watch parties. A favourite among local sports supporter groups, the venue offers both flexibility and energy. The charming patio faces the street and is perfect for people-watching, adding seasonal curb appeal and buzz.

With an open and welcoming vibe, this is a turnkey opportunity to take over a dynamic restaurant environment with strong community roots and enormous potential for growth.

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