haho.ca
$248,000
For sale

3991 Major Mackenzie Drive, Vaughan (Vellore Village) - Business for Sale

3991 Major Mackenzie Drive, Vaughan (Vellore Village), Ontario, L4H4G1

2 bathsListed 146 days ago
Overview

This business in Vaughan is for sale.

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

Days on market
146d
Vaughan (Vellore Village) listings, avg age
54d
List price
$248K

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.

Haho

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?

Listed by RE/MAX WEST REALTY INC. · JASMINE SABERI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

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)

$248,000
For sale

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Financing

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$248,000

Vaughan

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