#Unit 5B 1101 Kingston Road, Pickering (Town Centre) - Business for Sale
#Unit 5B 1101 Kingston Road, Pickering (Town Centre), Ontario, L1V1B5
This business in Pickering is for sale offering roughly 1,174 sq ft of space. It has been on the market 19 days, fresher than the Pickering average of 36 days.
Description
Owner retiring! Excellent opportunity to acquire Vis-à-Vis Pizza & Pasta in Pickering. This 1,174 SF restaurant features a signature 1,000-degree Neapolitan mosaic rotating pizza oven and pasta-making equipment for freshly prepared pasta. Average daily sales range from around $800-$1,600 +/-. Opportunity to increase revenue by updating the menu and extending operating hours beyond the current closing time of around 9 p.m. Full training and staff support are available to ensure a smooth transition. Renewed lease from December 1, 2026, to November 30, 2031, plus two additional five-year renewal options. Net rent: $24.60 PSF; TMI: $12.35 PSF. Total monthly rent: $4,018.55, including HST. Ideal for an owner-operator. (id:66096)
Property Details
- MLS®
- E14087696
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- MU-22
- Interior Size
- 1,174 ft²
- Lot Size
- 1,174 sq ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $12.35/yr
- Listed
- 19 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 19 days on market, against an average age of 36 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 30 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 Pickering (Town Centre) has been listed for 19 days, which is 17 days fresher than the city average of 36. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L1V)
This home lists at $195,000, about 1.7× the local median household income of $118,000.
Carrying it typically needs a household income of about $38,090 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $118,000
- Population
- 52,787
- Median age
- 42
- Owner / renter
- 86% / 14%
- Avg. household size
- 2.9
Source: Statistics Canada, 2021 Census (FSA L1V)
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 →
$195,000
Pickering