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.
***Taxes Yet to Be Assessed*** Own a thriving Indian restaurant in one of Simcoe County's growing communities! Golden Hours Indian Bistro - Elmvale is a fully operational, liquor-licensed restaurant offering an excellent turnkey business opportunity just 10 km from Wasaga Beach on a major route connecting to the beach. Strategically located in the heart of Elmvale, the restaurant benefits from strong drive-by exposure, surrounding new residential developments, and a prime location directly across from the community center. A high school is located just 500 meters south, while the local arena is only steps away, providing consistent customer traffic throughout the year. The premises offer approximately 1,800 sq. ft. of main-floor restaurant space, plus an additional 700 sq. ft. unfinished basement ideal for storage. Additional storage is also available at the rear of the building. The property features three separate entrances and separate men's and women's washrooms. The current lease extends until 2030, with an option to renew for an additional five years. The current monthly rent is $2,765, including TMI and HST, making this an attractive opportunity for entrepreneurs or investors looking to step into a well-established restaurant in a growing market with limited direct competition. Don't miss this rare opportunity to own a successful restaurant in a high visibility location with excellent growth potential.
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What’s NearbyDistances approximate
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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$370/mo
Mortgage (principal + interest)$370
Minimum $4,950 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$19,800
Ontario land transfer taxProvincial brackets, no first-time refund$715
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$23,315
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Springwater 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.
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