50 DR KAY DRIVE, King (Schomberg)

$255,000

For sale: Other

Other at 50 DR KAY DRIVE, King (Schomberg)
Property type
Sale Of Business
MLS®
MLS® N13433198
Neighbourhood
Schomberg

Recently built commercial restaurant unit, presenting a rare opportunity for restaurant operators, franchise groups, and hospitality to own and operate in a high-growth, high-traffic retail corridor. Strategically located within a modern plaza at the prominent intersection of Highway 27 and Highway 9, this property offers exceptional visibility, strong exposure, and consistent customer traffic in a rapidly expanding trade area. Surrounded by major national and regional anchors including LCBO, Tim Hortons, McDonald's, Petro-Canada, and Foodland, the plaza benefits from constant brand-driven traffic and a built-in customer base. The area is further supported by dense and growing residential communities, making it an ideal location for dine-in, take-out, and delivery-focused restaurant concepts. The approximately 1,200 sq. ft. unit is currently operating as an Italian restaurant and take-out component and includes existing commercial kitchen infrastructure, including a hood and exhaust system, significantly reducing startup costs and build-out timelines. The efficient layout allows for easy conversion to other restaurant QSR concept, franchise operation, specialty cuisine, cafe, or ghost kitchen. This turnkey restaurant-ready space offers flexibility for owner-operators and investors seeking immediate operational potential, brand expansion, or long-term brand growth. Ample on-site parking is available for customers and staff. Exceptional opportunity to acquire a high-visibility restaurant in a proven, high-demand location with strong traffic fundamentals and long-term upside.$4700.00 incld TMI/HST, Term in till 2028 with additional extension available w/ landlord approval.

Sold data

Homes in King (Schomberg) — recent sold market

Homes in King (Schomberg) took a median of 36 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 67, across 61 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 101 days.

The median sale price was $1,899,000.

Homes sold for about 5.0% below asking on average, so there was room to negotiate.

About 20% of sales closed above the list price.

Around 15% of sellers reduced their price before finding a buyer.

Median days to sell
36
Median sale price
$1,899,000
Sale-to-list ratio
95.0%
Sold above asking
20%

Based on 61 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 50 DR KAY DRIVE