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Murat Sahiner, Broker | Home6 Team at RE/MAX Realtron Realty Inc., Brokerage | 88 Konrad Crescent, Markham, ON L3R 8T7

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16775 Yonge Street Newmarket
For SalePrice DropNewmarket

16775 Yonge Street Newmarket, Sale Of Business for Sale

MLS® N12948710

Newmarket, ON

220 days on market
$199,000
Previously $250,000
Show on Map
Show on Map
N/ABeds
N/ABaths
2,606Sqft
N/AParking
Sale Of Business

Overview· 16775 Yonge Street Newmarket

MLS® #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.

Inclusions

Most chattels and equipment are included as viewed. A detailed chattels list will be provided within 3 days upon acceptance of an offer.

Exclusions

No Real Property - Asset Purchase Only

Broker

HOMELIFE LANDMARK REALTY INC.

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Walk Score®83Very WalkableVery Walkable
Transit Score®44Some TransitSome Transit
Bike Score®49Somewhat BikeableSomewhat Bikeable
Schools658 schools within 1.5 km · nearest 479 m8 schools within 1.5 km · nearest 479 m
Parks465 parks within 1 km · nearest 498 m5 parks within 1 km · nearest 498 m
Convenience8015 groceries, cafes and pharmacies within 1 km · nearest 132 m15 groceries, cafes and pharmacies within 1 km · nearest 132 m
Safety—Crime data covers Toronto onlyCrime data covers Toronto only

Highlights & Amenities· 16775 Yonge Street Newmarket

Source: MLS® listing data
16775 Yonge Street Newmarket

Sale Of Business

16775 Yonge Street Newmarket

Newmarket

Type

Sale Of Business

Parking

Outside/Surface

Property Tax

~$0/yr

Heating

Electric Forced Air

Buying Essentials

Square Feet

2606 sqft

Parking

Outside/Surface

Finances

List Price

$199,000

Price per SQFT

$76.36/sqft

Property Tax

~$0/yr

Property Specs

Property Type

Sale Of Business

MLS Size

2606 sqft

Living & Amenities

Heating Type

Electric Forced Air

Policies & Utilities

Neighbourhood

Newmarket

Listed On

Apr 1, 2026

Major Highway

Public Transit

Price & Listing History

Days on Market

Current: 220 days

0306090120+

Rooms

Room information is not available for this listing.

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Nearby Schools

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Mortgage Calculator

Mortgage Summary

Mortgage Payment$800/mo
Total Monthly$800

Monthly Cash Flow (investors)

$
Net Cash FlowN/A

Closing Costs

Estimated closing costs$0
Cash required incl. down payment$0