The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
A famous hotspot restaurant in Chinese community! Excellent opportunity to acquire a well-established and highly rated authentic Chongqing-style Noodle house restaurant, the business is popular among local professionals and food enthusiasts alike. Located in the high-traffic Merivale/Colonnade commercial park, this restaurant benefits from strong dine-in, takeout, and online sales. Well-reviewed on Google with a loyal customer base.Proprietary recipes and preparation methods will be included in the sale, offering a smooth transition for the new owner. Ideal for both first-time operators and experienced restaurateurs looking to expand. Special note: The rent for this business property is very low-less than 10% of sales-resulting in a high profit margin, the owner ran this restaurant for 8 years and sale due to retirement.
Property Details
Listing
MLS® number
X14123956
Status
For Sale
Listed
Oct 28, 2026
Last updated
Oct 28, 2026
Possession
Flexible
Building
Type
Commercial
Style
Sale Of Business
Approx. age
Not provided by brokerage
Approx. size
Not provided by brokerage
Basement
Not provided by brokerage
Lot
Frontage
194.80 ft
Depth
678.01 ft
Lot area
≈ 132,076 ft² (calculated)
View
Not provided by brokerage
Community
7203 - Merivale Industrial Park/Citiplace
Parking & utilities
Garage
None
Driveway
4 spaces
Heating
Gas Forced Air Open
Cooling
Yes
Water / sewer
Not provided by brokerage
Taxes
Property tax
$6,937 / 2025
Condo fee
N/A
Source
Data source
TRREB (VOW feed)
Listed by
HOME RUN REALTY INC.
Interior
Level
Room
Size
Features
Loading rooms…
Interior Features
Heating: Gas Forced Air Open
Cooling: Yes
Exterior
Cross street: take Colonnade Rd from either Merivale or Prince of Wales Dr, then look for sign 174 then for unit 28
Demographic data is not available for this area yet.
Population—
Median household income—
Median age—
Age Groups
Age group data is not available.
Owners vs Renters
Ownership data is not available.
Household Type
Household data is not available.
What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$989/mo
Mortgage (principal + interest)$411
Property taxFrom listing: $6,937/yr$578
Minimum $5,490 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$21,960
Ontario land transfer taxProvincial brackets, no first-time refund$823
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$25,583
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Cityview - Parkwoods Hills - Rideau Shore has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Similar Homes Nearby
Explore more homes in Cityview - Parkwoods Hills - Rideau Shore.
