350 Davis Drive, Newmarket, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Central Newmarket. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $129,000 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
- Premium 179.34 x 115.83 ft lot size
- Convenient plaza garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Turnkey quick service restaurant opportunity in the heart of downtown Newmarket, ideally located on the very busy Davis Drive. This 1,304 sq ft restaurant offers seating for 30 and benefits from strong visibility and consistent traffic in a proven food corridor. The business is currently operating as the popular Malata Kebab & Shawarma and can be purchased with training in place, or easily converted into a different concept, cuisine, or franchise. The space features an impressive 20-ft commercial hood, a walk-in fridge, and a substantial amount of equipment, making it well suited for virtually any style of cooking. An outstanding lease is in place at just $4,557 gross rent including TMI, with 3 + 5 years remaining, offering exceptional value in downtown Newmarket. The property also includes parking for approximately 25 cars and ample signage opportunities. Please do not go direct or speak with staff or ownership.
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 350 Davis Drive 7, Newmarket, ON L3Y 2N7
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 $129,000 in Newmarket, the legal minimum down payment is $6,450 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 $1,015 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 $1,015.
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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.