16640 Yonge Street, Newmarket, ON

$250,000
MLS#:N12329399
0 beds
2 baths
Commercial
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Description

Property Highlights

Welcome to this remarkable [] sale of business located in the coveted neighborhood of Summerhill Estates. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $250,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 0 Bedrooms and 2 Bathrooms
  • Spacious lot size measured in Feet
  • Features a [] basement, adding superb versatility for recreation, a home gym, or extra storage
  • Convenient plaza garage included
  • equipped with ["yes"] central cooling and highly efficient gas forced air open heating

Opportunity To Own A Well Established Restaurant With A Modern Ambiance Known For Its Authentic Asian Flavours And Interactive Dinning Experience With Ample Free parking. Fully Equipped Kitchen With A 15ft Hood , Offering An Extensive Menu Combining Traditional Cuisine With A Contemporary Twist, Making It A Must-Visit Spot For Food Enthusiasts, Social Gatherings/Group Dinning. Rent $12,500/Month Including Tmi, Water & Garbage Removal. Professionally Managed By Riocan. The Restaurant Can Easily Be Transformed To Fit Any Desired Concept. High Traffic Location, Major Retail Destination, A Strong Reputation With Loyal Clients.

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Key Features

Bathrooms
2
Property Type
Commercial

Additional Details

StatusActive
Listed Date8/7/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeSale Of Business
CountyYork
Annual Tax$0

Parking & Garage

Garage TypePlaza

Heating & Cooling

Heat TypeGas Forced Air Open
Cooling["Yes"]

Features

Property Features

Community Features

Major Highway, Public Transit

Location

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16640 Yonge Street, Newmarket, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 16640 Yonge Street 3, Newmarket, ON L3X 2N8

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$200,000
Monthly Mortgage$1,162
Property Tax (Est.)$0
Utilities & Maint.$350
Total Monthly Cost$1,512

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Newmarket.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Summerhill Estates, Newmarket.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,076,527

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Terry Fox
Public161 Sawmill Valley Drive, Newmarket, Ontario, L3X 2T1
5.3
Clearmeadow
Public200 Clearmeadow Boulevard, Newmarket, Ontario, L3X 2E4
6.0
St John Chrysostom
Public800 Joe Persechini Drive, Newmarket, Ontario, L3X 2S6
6.5
St Nicholas
Public480 Keith Avenue, Newmarket, Ontario, L3X 1V5
6.9
Crossland
Public255 Brimson Drive, Newmarket, Ontario, L3X 1H8
6.2

Secondary Schools

Sir William Mulock
Public705 Columbus Way, Newmarket, Ontario, L3X 2M7
6.6

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.