$399,999
For sale: Other

Exceptional turn-key restaurant & banquet hall opportunity! Turnkey business opportunity with a 4+5-year lease. This prime business venue is ready for your brand and offers outstanding income potential. Location, location, location! Prime opportunity to own a fully equipped restaurant in the highly sought-after Yonge & Steeles corridor. Approximately 4,225 sq. ft. with seating for 129 guests, featuring a full-service bar, private dining rooms, a stage with built-in disco lighting, a fully equipped commercial kitchen with a 28-ft. hood, walk-in fridge and freezer, a traditional bread oven, and multiple washrooms, including an accessible/family washroom. Ideal for a restaurant, banquet hall, lounge, catering business, or event venue (subject to landlord approval). Excellent street exposure, high pedestrian and vehicle traffic, and outstanding potential for an owner-operator or investor to establish a thriving hospitality business.
Sold data
Homes in Vaughan (Crestwood-Springfarm-Yorkhill) took a median of 23 days to sell over the last 90 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 45, across 761 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 48 days.
The median sale price was $1,100,000.
Homes sold for about 3.4% below asking on average, so there was room to negotiate.
About 16% of sales closed above the list price.
Around 15% of sellers reduced their price before finding a buyer.
Based on 761 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Vaughan (Crestwood-Springfarm-Yorkhill) has 91 Fraser Institute–rated schools (76 elementary and 15 secondary), averaging 7.1/10.
School ratings from the Fraser Institute's Ontario school report cards.
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