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$149,999

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505 Richmond Street West #K23

Waterfront Communities C1, Toronto, Ontario M5V0P4

For sale· Added

About this property

Exceptional Turn-Key Business Opportunity - Own a The Alley Franchise in the Heart of Downtown Toronto! Take advantage of this rare opportunity to own a The Alley bubble tea franchise in one of Toronto's most vibrant, high-traffic destinations. Located inside the popular Waterworks Food Hall, this recently established business is fully built out, professionally designed, and ready for a seamless transition to new ownership. This modern, turn-key operation comes fully equipped, fully staffed, and fully operational, allowing you to start generating revenue from day one. The business has already built an excellent reputation with outstanding online reviews, creating a strong foundation for continued growth. Waterworks Food Hall is home to nearly 25 food and beverage vendors, making it one of Toronto's premier culinary destinations. The location attracts a steady stream of customers from the surrounding residential towers, office buildings, hotels, and tourist attractions, while regular community events, live entertainment, private functions, and corporate gatherings provide consistent opportunities to increase sales. An added advantage is the dedicated event hall within Waterworks, where vendors have opportunities to provide catering for private and corporate events, creating an additional revenue stream beyond daily walk-in traffic. As part of the internationally recognized The Alley brand, you'll benefit from proven operating systems, ongoing franchisor support, and strong brand recognition. This is an outstanding opportunity for an owner-operator, entrepreneur, or investor looking to acquire a stylish, fully operational business with tremendous growth potential in one of downtown Toronto's most sought-after food destinations.

Location

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Property details

Listing

MLS® number
C13593486
Added
Jul 22, 2026 ()
Updated
Oct 13, 2026 ()
Info refreshed

Overview

Property type
Business

Inside

Heating
Other
Cooling
Fully air conditioned
Fireplace
No

Building

Parking
Underground

Land

Lot size
14.7 x 12.3 ft
Zoning
CRE

Services

Water
Municipal water

Location

Cross streets
Richmond st. and Brant St

Running costs

Annual property tax
Contact for price

Price history

Oct 13, 2026$149,999▼ $50,000
Sep 9, 2026$199,999First recorded price

Price changes since Sep 9, 2026.

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$149,999
505 Richmond Street West
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