16775 Yonge Street, Newmarket, ON L3Y 8J4
$250,000
$250,000
MLS®#:
N12948710
Property Type:
Sale Of Business
Property Style:
Area:
York
Community:
Central Newmarket
Taxes:
$0 / 2026
Added:
April 01 2026
Lot Frontage:
0
Lot Depth:
0
Status:
Active
Outside:
Year Built:
Brokerage:
HOMELIFE LANDMARK REALTY INC.
Intersection:
Yonge & Mulock
Rooms:
Bedrooms:
Bathrooms:
Fireplace:
Utilities
Water:
Municipal
Cooling:
Yes
Heating Type:
Electric Forced Air
Heating Fuel:

Listing Details

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.

Most chattels and equipment are included as viewed. A detailed chattels list will be provided within 3 days upon acceptance of an offer.

Insights

  1. Turnkey Restaurant Opportunity: This property is a fully equipped, well-established Chinese fusion restaurant with a modern interior, making it ready for immediate operation without the need for additional investment.
  2. Prime Location: Situated on a high-exposure main corridor in Central Newmarket, the restaurant benefits from steady local traffic and is surrounded by established residential neighborhoods, ensuring a loyal customer base.
  3. Growth Potential: The property is positioned near the upcoming Mulock Park and Galleria Supermarket, which are expected to enhance local activity and customer influx, promising strong future growth for the business.

Neighborhood Overview

Complete neighborhood profile for 16775 Yonge Street

Central Newmarket home prices

Average sold price for Detached, Semi-Detached, Condo, Townhomes in Central Newmarket
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)