1091 Gorham Street, Newmarket, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Newmarket Industrial Park. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $299,000 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 0 Bathrooms
- Premium 50 x 80 ft lot size
- Convenient plaza garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
The Lion Pub & Grill in Prime Newmarket Location. An exceptional opportunity to own The Lion Pub & Grill, a well established, fully licensed pub and restaurant located in one of Newmarket's high traffic commercial corridors. This long standing neighbourhood favourite is known for its welcoming atmosphere, loyal clientele, and strong food-and-beverage sales. Key Features: Fully turnkey operation with all equipment, chattels, and furnishings included, LLBO licensed with seating for 210 guests indoors plus an additional 75?seat patio, Attractive lease with favourable terms and options to renew, Consistent revenue supported by dine in, takeout, and events, High visibility location with excellent signage and ample parking, Well maintained kitchen with commercial grade equipment, walk in cooler, and efficient layout, Established brand with strong community presence and repeat customers and Opportunity for growth through live entertainment, and expanded marketing.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1091 Gorham Street NE 101, Newmarket, ON L3Y 8X7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Newmarket, ON
For a property listed at $299,000 in Newmarket, the legal minimum down payment is $14,950 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 $2,960 for this transaction. As this listing is in Newmarket (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $2,960.
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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.