289 Main Street, King, ON

$139,900
MLS#:N12748350
0 beds
0 baths
Commercial
Loading property media...

Property Highlights

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.

  • 0 Bedrooms and 0 Bathrooms
  • Premium 57 x 148 ft lot size
  • equipped with yes central cooling and highly efficient gas forced air closed heating

Description

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.

Schedule a Tour

Contact us to schedule a private viewing of this property.

Contact Agent

Generate CMA Report

Key Features

Property Type
Commercial

Additional Details

StatusPrice Change
Listed Date1/28/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeSale Of Business
Lot Size57 × 148 Feet
CountyYork
Annual Tax$0

Parking & Garage

Garage TypeNone

Heating & Cooling

Heat TypeGas Forced Air Closed
CoolingYes

Features

Property Features

Interior Features

Security Features

Partial

Community Features

Major Highway, Recreation/Community Centre

Location

Initializing map...
289 Main Street, King, ON
Loading local market trends...

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 289 Main Street, King, ON L0G 1T0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
Loading stats...

Properties in this area are selling at a steady pace.

Market Trend
Calculating trend...

Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in King.

Information Gain SEO Widget

Configure Loan Settings

Interest Rate5.25%
Down Payment$6,995 (5.0%)
* Minimum Canadian down payment required for this price is $6,995.
Amortization Period25 Years
Estimated Monthly Payment$792Based on a loan of $132,905 over 25 years.
Purchase Price$139,900
Loan Amount$132,905
Provincial Land Transfer Tax:$1,124
Total Estimated Closing Taxes:$1,124

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.

Nearby Listings

Distance:

No current listings found in King.

Similar Listings Nearby

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Schomberg, King.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,077,697

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

No elementary schools data loaded.

Secondary Schools

No secondary schools data loaded.

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

Need more details or a custom CMA?

Generate a full market evaluation or explore city guides using the sidebar links.

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.