3991 Major Mackenzie Drive, Vaughan (Vellore Village) - Business for Sale
3991 Major Mackenzie Drive, Vaughan (Vellore Village), Ontario, L4H4G1
Description
Exceptional opportunity to acquire a fully equipped, turnkey restaurant and hospitality space in a prime Vaughan location, approximately 10 minutes from Canada's Wonderland.Ideal for an established restaurateur looking to open a second or third location, expand an existing brand, introduce a new concept, or enter the Vaughan market without the significant time and cost of a full build-out. The space may also suit a pizzeria, bakery, café, franchise concept, banquet or event operator, catering business, hospitality group or owner-operator, subject to landlord approval and permitted use. The premises offer approximately 3,300 sq. ft. of beautifully renovated space, approximately 128 seats, an outdoor patio, 20+ parking spaces, liquor licence, wood-fired pizza oven, walk-in fridge and freezer, full commercial kitchen, plus extensive furniture, fixtures, equipment and inventory. Significant investment has already been made in the leasehold improvements and restaurant infrastructure, giving the next operator the opportunity to rebrand, introduce their own concept and begin operating without taking on a major build-out. Located in a high-traffic Vaughan area surrounded by established residential communities and commercial amenities. The business is being sold together with the assignment of the existing lease, running until 2029 with renewal options, subject to landlord approval. (id:66096)
Property Details
- MLS®
- N13433964
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- C4 Neighourhood Commercial
- Bathrooms
- 2
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $11,584.54/yr
- Listed
- 146 days ago
Features
- Appliances
- Dishwasher, Oven, Freezer
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 146 days on market, against an average age of 54 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 34 days on the market over the past year, against a median of 48 days across the markets we publish.
This business in Vaughan (Vellore Village) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L4H)
This home lists at $248,000, about 1.7× the local median household income of $144,000.
Carrying it typically needs a household income of about $48,443 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $144,000
- Population
- 77,353
- Median age
- 37.6
- Owner / renter
- 92% / 8%
- Avg. household size
- 3.5
Source: Statistics Canada, 2021 Census (FSA L4H)
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 →



$248,000
Vaughan