16775 YONGE STREET

$199,000

Central Newmarket, Newmarket, Ontario

  • 2,606 square feet
Business · BusinessType
Forced airHeating
Fully air conditionedCooling
150Days on market
$76 / sqftPrice / sqft

About this property

Excellent opportunity to acquire a well-established Chinese fusion restaurant in a prime location in Newmarket. Offering approximately 2,606 sq. ft., this turnkey space features a fully equipped commercial kitchen, suitable for a variety of cuisines. Over $400,000 invested in renovations, showcasing a nicely updated interior with a warm and inviting dining atmosphere. Established business with a steady and loyal returning clientele, consistent operations.Situated on a high-exposure main corridor, surrounded by established residential neighborhoods and benefiting from steady local traffic. Convenient access to public transit enhances accessibility. Strong future growth potential with the newly developed Mulock Park (approx. 16 acres), a landmark community destination featuring year-round recreational amenities, cultural spaces, walking trails, and green open areas, with anticipated opening in Summer 2026. The upcoming Galleria Supermarket will open nearby, bringing more activity and customers to the area. This is a turnkey restaurant opportunity in a growing, high-demand location. Underground parking and a private underground storage room. (id:66327)

Property details

Interior

Living area
2,606 square feet

Exterior & parking

Architectural style
[]

Building & HOA

Heating
Forced air
Cooling
Fully air conditioned

Financial & legal

List price
$199,000
Price / sqft
$76 / sqft
Status
Active
MLS® number
N12948710

Location

City
Newmarket
Neighbourhood
Central Newmarket
Province
Ontario
Postal code
L3Y8J4
Directions
Yonge & Mulock

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