16775 YONGE STREET
Newmarket (Central Newmarket), Ontario
MLS® N12948710
$199,000
- Status
- Active
- Property type
- Business
- MLS® number
- N12948710
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 12Listing description
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.
Property summary
- MLS® number
- N12948710
- Property type
- Business
- Square footage
- 2,606 sq ft
- Days on market
- 152 days
Features & details
- Heating
- Forced air
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $199,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of HOMELIFE LANDMARK REALTY INC., MARKHAM.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.