24 MILL STREET, New Tecumseth (Tottenham)

$399,000

For sale: Other

Other at 24 MILL STREET, New Tecumseth (Tottenham)
Property type
Sale Of Business
MLS®
MLS® N13723536
Neighbourhood
Tottenham

Exceptional Turnkey Restaurant Opportunity in Growing Tottenham! Taste of Freedom presents a rare opportunity to acquire a beautifully appointed, fully turnkey restaurant with an impressive 30+ year history and proven track record of success. Situated in the thriving community of Tottenham, this approximately 6,000 sq. ft. property offers a unique blend of restaurant, hospitality and private-event potential. The restaurant is full of character in every room and floor of the building, inside and out. Licensed for 79 seats inside and 121 seats on the rear patio, creating an incredible opportunity for high-volume seasonal dining, weddings, ceremonies, celebrations, private events and more. The remarkable rear patio is a true outdoor oasis and one of the property's standout features. The spacious upstairs area offers incredible flexibility and can be utilized for private dining, bridal suites, event preparation, office space, Airbnb potential and a variety of other hospitality uses. Ample parking is available in a private lot immediately next door, adding convenience for guests and event attendees. A well-established and highly regarded operation with character, charm and multiple revenue opportunities, this is a truly exceptional opportunity for an owner-operator, restaurateur or hospitality investor looking to build on a long-standing local success.

Sold data

Homes in Tottenham — recent sold market

Homes in Tottenham took a median of 30 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 61, across 37 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 55 days.

The median sale price was $799,990.

Homes sold for about 3.6% below asking on average, so there was room to negotiate.

About 14% of sales closed above the list price.

Around 14% of sellers reduced their price before finding a buyer.

Median days to sell
30
Median sale price
$799,990
Sale-to-list ratio
96.4%
Sold above asking
14%

Based on 37 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 24 MILL STREET