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Friday, July 17th, 2026

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$199,000
Available - For Sale
Listing ID: N12948710
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.
Price $199,000
Taxes: $0
Tax Type: TMI
Occupancy by: Tenant
Address: 16775 Yonge Street , Newmarket, L3Y 8J4, York
Postal Code: L3Y 8J4
Province/State: York
Directions/Cross Streets: Yonge & Mulock
No. of Pieces Level
Washroom 1:  0
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Washroom 69:  0
Washroom 70:  0
Category: Without Property
Use: Restaurant
Building Percentage: F
Total Area: 2,606
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Area Influences: Major Highway   Public Transit
Financial Statement: F
Chattels: T
Franchise: F
Hours Open: 11-9
Employees #: 6
Seats: 50
Maintenance: 0
Sprinklers: Yes
Heat Type: Electric Forced Air
Central Air Conditioning: Yes
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HOMELIFE LANDMARK REALTY INC.

16775 Yonge Street , Newmarket, L3Y 8J4, York

Evelina Branitsky
Sales Representative
Dir:
647.888.9606
Bus:
416.739.7200
Fax:
416.739.9367

 
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Type: Com - Sale Of Business
Area: York
Municipality: Newmarket
Neighbourhood: Central Newmarket
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Maintenance Fee: $0
Beds: 0
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Fireplace: N
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Evelina Branitsky Sales Representative pic ebranitsky@rogers.com Sutton Group- Admiral Realty Inc., Brokerage Independently owned and operated. pic 1881 Steeles Avenue West, Toronto, Ontario M3H5Y4 pic Dir: 647.888.9606 | Office: 416.739.7200 | Fax: 416.739.9367 Personal Pic

ebranitsky@rogers.com