#202 70 Valleywood Drive, Markham (Buttonville) - Business for Sale
#202 70 Valleywood Drive, Markham (Buttonville), Ontario, L3R4T5
This business in Markham is for sale. It has been on the market 84 days, fresher than the Markham average of 90 days.
Description
* Rare Turnkey Multi-Entertainment & Private Event Venue in Markham ! * 4,808 Sq.Ft. | Currently Profitable | Approx. $350K Invested in Renovations & Equipment. * ALL-IN-ONE ENTERTAINMENT: E-Sports | Billiards | Board Games | Private Mahjong/Game Rooms | Private Theatre | Birthday Party Room | Large Event/Party Area. * EVENT BUSINESS: Private Parties | Corporate Team-Building | Meetings | Social Gatherings | Group Events * MULTIPLE REVENUE STREAMS: Entertainment | Collectible/Toy Retail | Beverages & Snacks | Separate Kitchenette for Light Food Preparation * GROWTH POTENTIAL: Current owners operate limited hours by choice, primarily weekday evenings and weekend afternoons/evenings. Premises permit extended operating hours from 9:00 AM to 2:00 AM, providing significant potential to expand daytime and late-night operations. Additional opportunities include private events, space rentals, corporate events, workshops, classes and other permitted uses. * TURNKEY OPERATION: Fully equipped with an established operating model. Located in a newly improved commercial complex with established neighbouring businesses. * LEASE: Gross Rent Approx. $11,091.51/Month Including TMI & HST | Current Lease Term Until April 30, 2029 + 5-Year Renewal Option. * VIDEOS: Please see Virtual Tour links. (id:66096)
Property Details
- MLS®
- N13664198
- Property Type
- Business
- Business Type
- Recreation
- Zoning
- MC60
- Frontage
- 320 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 84 days ago
Features
- Appliances
- Furniture
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 84 days on market, against an average age of 90 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 32 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 97.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Markham (Buttonville) has been listed for 84 days, which is 6 days fresher than the city average of 90. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L3R)
This home lists at $110,000, about 1.2× the local median household income of $93,000.
Carrying it typically needs a household income of about $21,487 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $93,000
- Population
- 62,060
- Median age
- 46.4
- Owner / renter
- 83% / 17%
- Avg. household size
- 2.9
Source: Statistics Canada, 2021 Census (FSA L3R)
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$110,000
Markham