45 MUNRO Street

Carleton Place, ON

17,319 sqft
Sale Of Business

$119,000

BUSINESS FOR SALE! Well-established and popular Asian fusion restaurant located in the heart of Downtown Carleton Place, situated on a prominent corner lot near Highway 7 with excellent visibility and strong exposure to passing traffic. The property features an approximately 81' x 218' lot (0.398 acres) and a 1,300 sq. ft. commercial building.The sale includes a successful, turnkey restaurant operation with an established customer base and strong presence in the local community. All restaurant equipment, signage and displays are included, providing an excellent opportunity for a new owner to take over and continue the existing operation. Comprehensive training can be provided to facilitate a smooth transition.Ideal for an owner-operator or entrepreneur looking to acquire an established restaurant business in a high-visibility location. Please contact the Listing Agent for further information and to arrange a private site visit. A signed Confidentiality Agreement is required before any financial information regarding the business will be released. Please do not approach or communicate with the restaurant's employees directly. Lease Term: The parties agree to a flexible lease term of 3 to 5 years, with the final term to be mutually agreed upon and documented in the lease agreement. Rent: The monthly rent for the first year shall be $3,000.00 per month, subject to an annual rent increase as agreed upon by the parties. Property Taxes, Insurance and Utilities: The TENANT shall be responsible for payment of all property taxes, property insurance, and all utilities and services associated with the property throughout the term of the lease. Repairs and Maintenance: The LANDLORD shall be responsible for major structural and exterior repairs to the property, including, but not limited to, the roof, foundation, and exterior walls. All other routine repairs, maintenance, upkeep, and operating costs related to the property shall be the responsibility of the TENANT.

Listing Details

Taxes (2026): $11,000
Listed: August 30, 2026

Price History

Listing history

Property

Lot Size: 81.44 x 218.02 Feet

Parking

Garage: None

Location & Legal

Cross Street: From Hwy 7, Turn right onto Franktown Rd, Continue onto Moore St, Turn right onto Munro St.
Zoning: C3
Parcel Number: 051230031
Possession: Flexible
Occupancy: Owner

Commercial

Business Type: Restaurant

Included

Inclusions: All restaurant equipment, signage and displays are included.

Community

Postal area K7C

Population: 20,382
Private dwellings: 8,631
Median age: 44
Average household size: 2.4
Median household income: $99,000

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 Carleton Place · last 12 months

Median sold price: $570,000
Homes sold: 240
Median days on market: 30
Sale-to-list price: 97.9%

Based on 240 recorded sales of commercial properties in Carleton Place over the last 12 months.

Listed by

HOME RUN REALTY INC.

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Location

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Commercial figures

Building area: 17,319 sq ft
Price per sq ft: $6.87
Annual property tax: $11,000
Tax per sq ft: $0.64

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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