All photos · 27

Jefferson

12270 Yonge Street Unit A, Richmond Hill, ON L4E 0W5

$420,000

Beds

n/a

Baths

n/a

Type

Commercial

About this home

This restaurant is located in a busy Richmond Hill strip plaza with ample free parking and strong daily traffic, surrounded by major anchors including Farm Boy, LCBO, leading banks, and other popular restaurants. Significant investment has been made in the build-out and renovations, positioning the business well for its next stage of growth. The approximately 2,500 sq. ft. unit features a fully equipped kitchen with a 16-ft hood and additional 8-ft hood and a walk-in cooler, and the flexible layout can accommodate a wide range of restaurant concepts. Well known in the surrounding neighbourhoods, the business benefits from steady walk-in traffic and loyal repeat customers. Approximately 7 years remain on the current lease, with the buyer to negotiate a new lease or extension directly with the landlord.

Heating

  • · Gas Forced Air Closed

Cooling

  • · Yes

What it could cost monthly

Estimated monthly

$1,923

Principal & interest, per month


Mortgage amount
$336,000
Down payment
$84,000
Total interest paid
$241,000

Indicative only. Final terms depend on your lender, credit profile, and CMHC insurance if your down payment is under 20%.

A note from your agent

Alfred Martinelli

Broker

416-839-3599

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Listing brokerage

RE/MAX REALTRON REALTY INC.

Each office independently owned and operated.