#117 1520 Steeles Avenue West, Vaughan (Concord) - Business for Sale
#117 1520 Steeles Avenue West, Vaughan (Concord), Ontario, L4K3B9
This business in Vaughan is for sale offering roughly 2,212 sq ft of space. It has been on the market 43 days, fresher than the Vaughan average of 65 days.
Description
TURNKEY RESTAURANT OPPORTUNITY AT STEELES & DUFFERIN! Skip the time and expense of a major build out and step into this fully renovated 2,212 sq. ft. ***Eggsmart franchise*** in a high visibility, busy plaza at one of Vaughan's major intersections. The bright, modern restaurant offers 105 seats, newer equipment, a 13 ft commercial kitchen hood and walk in cooler, providing a well equipped setup for an owner operator, partners or family operation. Established at this location and currently operating as Eggsmart. Continue with the existing franchise or explore another permitted restaurant concept, subject to landlord/franchise approval and applicable use restrictions. Lease currently runs to March 2031 with an additional 5 year option. Excellent exposure, convenient plaza access and ample shared parking, with quick connections to Hwy 407, Hwy 401 and Allen Rd. An excellent opportunity to acquire an established, professionally built out restaurant in a strong commercial location. (id:66096)
Property Details
- MLS®
- N13825932
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Retail Commercial
- Interior Size
- 2,212 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Garage
- Other
- Listed
- 43 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 43 days on market, against an average age of 65 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 (Concord) has been listed for 43 days, which is 22 days fresher than the city average of 65. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L4K)
This home lists at $388,000, about 4.2× the local median household income of $92,000.
Carrying it typically needs a household income of about $75,790 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $92,000
- Population
- 20,172
- Median age
- 37.6
- Owner / renter
- 68% / 32%
- Avg. household size
- 2.6
Source: Statistics Canada, 2021 Census (FSA L4K)
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 →
$388,000
Vaughan