Home · Buy · Newmarket · 16775 Yonge Street, Newmarket, ON L3Y 8J4
+ 14 photos
For Sale · Sale Of Business
16775 Yonge Street, Newmarket, ON L3Y 8J4
Newmarket · Central Newmarket
Outside/Surface garage
0
Beds
—
Baths
0
Parking
2606 sq ft
Sq ft
—
Built
The honest picture
List price
$199,000
Renavu Estimate
—
Benchmark · All homes
$725,500
Listed 73% below the Central Newmarket benchmark for all homes homes (TRREB HPI, June 2026). Estimate for guidance only — not an appraisal.
About this home
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
Listed on
April 2, 2026
Days on market
115 days
Property tax
$0 (2026)
Heating
Electric Forced Air
Cooling
Yes
MLS®
N12948710
Full details
Parking
GarageOutside/Surface
Property & sold history
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See this home's sale & listing history
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What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 5.0%
$
Down:or type any amount above
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$1,715
Legal · title · inspection$2,800
Closing costs$4,515
Down payment$9,950
Total cash to close$14,465
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.