#17 1414 King Street East, Clarington (Courtice) - Business for Sale
#17 1414 King Street East, Clarington (Courtice), Ontario, L1E2J5
This business in Clarington is for sale offering roughly 1,560 sq ft of space. It has been on the market 31 days, fresher than the Clarington average of 61 days.
Description
**Prime Courtice Restaurant Opportunity!** Excellent opportunity to acquire a fully equipped restaurant in one of Courtice's busiest and most sought-after commercial locations. This little-under-1,600 sq. ft. turnkey operation is currently running as a South Indian restaurant, with **change of use possible**, offering flexibility for a variety of food concepts. Features approximately **44-seat dining area**, **12-ft commercial hood**, **walk-in cooler**, **walk-in freezer**, and a fully equipped professional kitchen suitable for virtually any cuisine. Located in a busy plaza with multiple established anchor businesses, providing excellent visibility, accessibility, and steady customer traffic. Monthly rent of approximately **$8,372 inclusive of HST and TMI**. Long-term lease secured until **2033**, with **two additional 5-year extension options**. Ideal opportunity for an experienced operator or entrepreneur looking for a turnkey restaurant space in a high-demand location. (id:66096)
Property Details
- MLS®
- E13863136
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Bathrooms
- 2
- Interior Size
- 1,560 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 31 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 31 days on market, against an average age of 61 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 27 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 98.6 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Clarington (Courtice) has been listed for 31 days, which is 30 days fresher than the city average of 61. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L1E)
This home lists at $95,000, about 0.8× the local median household income of $123,000.
Carrying it typically needs a household income of about $18,557 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $123,000
- Population
- 28,325
- Median age
- 39.2
- Owner / renter
- 92% / 8%
- Avg. household size
- 2.9
Source: Statistics Canada, 2021 Census (FSA L1E)
Book a showing
Pick a time that suits you. A verified local agent confirms within 24h.
Buying this business?
Acquisition financing works differently from a property mortgage. Tell our partner brokers at iShopRates what you are buying and they will come back with options.
Ask about acquisition financing →
$95,000
Clarington