3991 MAJOR MACKENZIE DRIVE, Vaughan (Vellore Village)

$248,000

For sale: Other

Other at 3991 MAJOR MACKENZIE DRIVE, Vaughan (Vellore Village)
Property type
Sale Of Business
Bedrooms / bathrooms
2 bathrooms
MLS®
MLS® N13433964
Neighbourhood
Vellore Village

Exceptional opportunity to acquire a fully equipped, turnkey restaurant and hospitality space in a prime Vaughan location, approximately 10 minutes from Canada's Wonderland.Ideal for an established restaurateur looking to open a second or third location, expand an existing brand, introduce a new concept, or enter the Vaughan market without the significant time and cost of a full build-out. The space may also suit a pizzeria, bakery, café, franchise concept, banquet or event operator, catering business, hospitality group or owner-operator, subject to landlord approval and permitted use. The premises offer approximately 3,300 sq. ft. of beautifully renovated space, approximately 128 seats, an outdoor patio, 20+ parking spaces, liquor licence, wood-fired pizza oven, walk-in fridge and freezer, full commercial kitchen, plus extensive furniture, fixtures, equipment and inventory. Significant investment has already been made in the leasehold improvements and restaurant infrastructure, giving the next operator the opportunity to rebrand, introduce their own concept and begin operating without taking on a major build-out. Located in a high-traffic Vaughan area surrounded by established residential communities and commercial amenities. The business is being sold together with the assignment of the existing lease, running until 2029 with renewal options, subject to landlord approval.

Sold data

Homes in Vaughan (Vellore Village) — recent sold market

Homes in Vaughan (Vellore Village) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 48 days.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.

Median days to sell
23
Median sale price
$1,100,000
Sale-to-list ratio
96.6%
Sold above asking
16%

Based on 761 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Vaughan (Vellore Village)

Vaughan (Vellore Village) has 91 Fraser Institute–rated schools (76 elementary and 15 secondary), averaging 7.1/10.

Rated schools
91
Elementary
76
Secondary
15
Average rating
7.1 / 10

Top-rated schools in Vaughan (Vellore Village)

  • Pierre Bertonelementary, VaughanFraser rating 8.2/10
  • Guardian Angelselementary, VaughanFraser rating 7.7/10
  • Le-Petit-Princeelementary, VaughanFraser rating 7.2/10
  • St Michael the Archangelelementary, VaughanFraser rating 7.1/10
  • Glenn Gouldelementary, VaughanFraser rating 6.7/10
  • Nellie McClungelementary, VaughanFraser rating 6.1/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 3991 MAJOR MACKENZIE DRIVE