Home ›Listings ›Newmarket ›N12948710

16775 Yonge Street Newmarket ON

📍 Newmarket, Ontario L3Y 8J4

$199,000

Active

📋 Listing Highlights

StatusActive
MLS®N12948710
ListedApr 2, 2026
Days on Market—
Property TypeCommercial
StyleSale Of Business
Cross StreetYonge & Mulock
PossessionTBA

📝 Listing 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 Details

Property TypeCommercial
StyleSale Of Business

🔧 Building & Utilities

HeatingElectric Forced Air
CoolingYes
GarageOutside/Surface

🧮 Mortgage Calculator

$39,800
Est. Monthly Payment
$978/mo
Principal: $159,200 · P+I only
Does not include taxes, insurance or CMHC

📍 Location

Listing provided by HOMELIFE LANDMARK REALTY INC.Data via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #N12948710 · Last updated: Jul 14, 2026

Information deemed reliable but not guaranteed. © TRREB / PropTx. MLS® is a trademark of CREA. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.