#13 200 Marycroft Avenue East, Vaughan (Pine Valley Business Park) - Business for Sale
#13 200 Marycroft Avenue East, Vaughan (Pine Valley Business Park), Ontario, L4L5X9
This business in Vaughan is for sale offering roughly 1,500 sq ft of space.
Description
This fully licensed and equipped "Lamasu Lounge and grill" restaurant is located in a busy plaza with ample parking at a high-traffic intersection, surrounded by commercial and residential areas. The restaurant has been completely updated and renovated, making it a turnkey operation with steady sales growth and significant potential for further expansion. While currently operating as a lounge and grill restaurant, the space can be converted to various other uses, subject to existing exclusivities. It includes a transferable liquor license for up to 28 patrons and is suitable for breakfast, lunch, parties, and catering. The lease terms are approximately $3,790.84 per month, including TMI and HST, and is valid until 2027, with all deals subject to landlord consent and approval. All chattels and equipment are included, with a list provided upon an accepted offer. This business is perfect for families and newcomers seeking a thriving restaurant with solid growth potential. Don't miss this exceptional opportunity! (id:66096)
Property Details
- MLS®
- N13529236
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- GMU
- Interior Size
- 1,500 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $2,793.91/yr
- Listed
- 121 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 121 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 34 days on the market over the past year, against a median of 48 days across the markets we publish.
This business in Vaughan (Pine Valley Business Park) 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 (L4L)
This home lists at $199,000, about 1.8× the local median household income of $110,000.
Carrying it typically needs a household income of about $38,872 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $110,000
- Population
- 55,426
- Median age
- 48
- Owner / renter
- 85% / 15%
- Avg. household size
- 2.8
Source: Statistics Canada, 2021 Census (FSA L4L)
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 →
$199,000
Vaughan