Welcome to this remarkable sale of business located in the coveted neighborhood of Schomberg. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $139,900 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.
Exceptional opportunity for a food lover to own a long established, turnkey take out and eat in business in the heart of Schomberg. Situated at Hwy 9 & 27, this establishment has served the families of King Township since 1987 with its famous pizza and wings and expanded in 2020 as the township's only smokehouse offering brisket, pulled pork, BBQ chicken and more. As part of King Township, this business benefits from local demographics showing median household income (2021) of $150,000-$160,000, compared to nearby Newmarket where household median income was $100,000. Located steps from the Trisan Community Centre and Schomberg Fairgrounds, this high visibility operation has strong foot traffic, street parking plus 1-3 private rear spaces, solid financials of approx. $5,000/week in sales, low overhead, and a competitive $2,163/mo (+HST) gross lease for 2026 to Mar-2027, with only 3% annual increases to 2030; features include 800 sq. ft. main floor with 10 ft fire suppression hood, walk in cooler, basement storage, indoor seating for 10-14 plus a 6 month seasonal patio for 12-14, along with a branded website, online ordering, delivery services, part of local school lunch program and excellent customer reviews. Sale includes experienced staff, full recipe and operations manual, proprietary sauces, vendor contacts, and SafeCheck certification-making this a rare chance to acquire a thriving, one of a kind Schomberg staple with strong household income demographics and outstanding growth potential for an owner operator or investor.
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Partial
Major Highway, Recreation/Community Centre
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 289 Main Street, King, ON L0G 1T0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in King.
About Purchasing a Home in King, ON
For a property listed at $139,900 in King, the legal minimum down payment is $6,995 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $1,124 for this transaction. As this listing is in King (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $1,124.
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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.