This restaurant is located in a busy Richmond Hill strip plaza with ample free parking and strong daily traffic, surrounded by major anchors including Farm Boy, LCBO, leading banks, and other popular restaurants. Significant investment has been made in the build-out and renovations, positioning the business well for its next stage of growth. The approximately 2,500 sq. ft. unit features a fully equipped kitchen with a 16-ft hood and additional 8-ft hood and a walk-in cooler, and the flexible layout can accommodate a wide range of restaurant concepts. Well known in the surrounding neighbourhoods, the business benefits from steady walk-in traffic and loyal repeat customers. Approximately 7 years remain on the current lease, with the buyer to negotiate a new lease or extension directly with the landlord. Attractive financing is available, requiring much lower upfront cash through a transferable $275,000 CIBC business loan, subject to lender approval.
Address
Unit A - 12270 Yonge Street
List Price
$420,000
MLS® Status
New
Expiration Date
2026-05-15
Property Type
Commercial
Type of Dwelling
Sale Of Business
Transaction Type
Sale
Area
Richmond Hill
Sub-Area
Jefferson
Region
York
Lot Type
Unit
Lot Size Units
Feet
Occupant Type
Owner
Cross Street
Yonge/Stouffville
MLS® Number
N12634332
Listing Brokerage
RE/MAX REALTRON REALTY INC.
Basement
No
Postal Code
L4E 0W5
Posession Details
TBD
Tax Year
2025
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
Plaza
Sewer
Sanitary
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