$238,000 FOR SALE

Business for Sale

Restaurant

Total Area: 2,275 ft2
2021 Taxes: $12,054Maintenance Fees: $3,377.71

505 Highway 7 Way E #50
Markham, ON L3T 7T1 | Commerce Valley | York

Rare Find High Demand Restaurant Business For Sale At Commerce Gate! Excellent Gr Floor Exposure Facing Hwy 7 With Fast Growing Commercial/Residential Developments. Mins To Hwy, 404, 407, Professional Offices, Clinics, Supermarket, Banks & High End Clientele. Ideal For All Kinds Of Cuisine,**Thai, Japanese, Vietnam, Fusion, Korean Bbq, Hot Pot, Cafe Etc** Ample Parkings On Surface/Underground.

Extras
This Premises Has Both Indoor & Outdoor Exit/Entrance In Commerce Gate! List Of Chattel Will Be Provided Upon Accepted Conditional Offer! **16' Eco Exh System**, 103 Seats, **Net Rent $8,600**

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Listed By RE/MAX REALTRON REALTY INC., Brokerage
MLS® Listing Number N5169821
Last Updated Apr 14, 2021
Property Summary
Property Type Business For Sale
Use Restaurant
Franchise Non-Franchise
Business/Building Name Commerce Gate
Category Without Property
Legal Description Yrcp 892, Lev1 Unit 33 Bldg B Lev B Unit 54-55
Minimum Rental Term 24
Maximum Rental Term 60
Occupancy Tenant
Possession Date Tba
Taxes (2021) $12,054
Tax Type Annual
Maintenance Fees $3,377.71
Commercial Condo Fees $3,377.71
Directions/Cross Streets Leslie/Highway 7 E
Community Commerce Valley
Area York
Price History
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Detailed Information
Freestanding N
Bathrooms 4
Retail Area 2,275 ft2
Total Area 2,275 ft2
Elevator Public
Air Conditioning Y
Basement N
Chattels Y
Garage Type Plaza
Days Open 7
Hours Open 11-10Pm
LLBO N
Employees 2
Heat Type Gas Forced Air Open
Financial Statement N
Taxes Expense $1,005
Year Expenses $2,021
Expenses Actual/Estimated Est
Area Influences Major Highway, Public Transit
Seats 103
Sprinklers Y
Sewers San+Storm
Utilities Y
Water Municipal
Clear Height 11 feet
Grade Level Shipping Doors 1
Lot/Bldg/Unit Code Unit
Zoning Highway Commercial
Seller Property Info Statement N

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