10123 Yonge Street
Richmond Hill, ON
2 bath • 1,200 sqft • Sale Of Business • 155 days on market
Excellent Opportunity to own a Turnkey Restaurant on Yonge Street! 10123 Yonge Street with prime Yonge Street exposure and High visibility. This Business generates a strong monthly income of approximately $12,000-$15,000, offering great potential for owner-operators or investors. Fully equipped Kitchen with over $190,000 worth of equipment included in the purchase price, allowing for a seamless transition and immediate operation. Surrounded by residential and commercial traffic, Ensuring consistent customer flow. Don't miss this rare opportunity to own a profitable restaurant in a high-demand location! Favorable lease terms: Total 5-year lease with 3 years remain plus a renewal option for an additional plus a renewal option for an additional 5 years. Affordable rent of $4,700/month including TMI, which is a strong asset for long-term stability and negotiable. Liquor license in place and accessible (disability) washroom, adding significant value and convenience for customers. 32 Seats. Approximately 550 sqft of storage in the basement.
Listing Details
- Listed
- March 24, 2026
Price History
Property
- Age
- 16-30
- Lot Size
- 5.4 x 14.19 Metres
Utilities
- Sewer
- None
Location & Legal
- Cross Street
- Yonge/Major Mackenzie
- Zoning
- Commercial
- Possession
- Flexible
Commercial
- Business Type
- Restaurant
- Occupancy
- Tenant
- Office / Apartment Area
- 808 Sq Metres
Included
- Inclusions
- Walking cooler, hood, oven, pizza machine, ice cream machine, coffee maker, TV, signs, cashier machine, catering tools, tables, seats.
Community
Postal area L4C
- Population
- 74,636
- Private dwellings
- 30,129
- Median age
- 46
- Average household size
- 2.6
- Median household income
- $86,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Richmond Hill · last 12 months
- Median sold price
- $1,127,000
- Homes sold
- 1,985
- Median days on market
- 24
- Sale-to-list price
- 98.6%
Based on 1,985 recorded sales of commercial properties in Richmond Hill over the last 12 months.
Listed by
CENTURY 21 HERITAGE GROUP LTD.
Commercial figures
- Building area
- 1,200 sq ft
- Price per sq ft
- $240.83
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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