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.
Exceptional opportunity to acquire a high-end, fully turn-key lounge and restaurant in a prime plaza location with main street exposure and ample parking. This beautifully designed establishment enjoys excellent visibility, easy access, and strong customer traffic, making it ideal for dining, lounge service, private events, and nightlife operations.Spanning approximately 3,000 sq. ft., the premises offer 100+ seating capacity in a sophisticated upscale setting with a premium buildout, modern décor, and substantial investment in leasehold improvements. The business is currently generating great sales and presents excellent growth potential for an experienced operator or hospitality group.Features a huge commercial kitchen equipped with an 8-ft exhaust hood, fryers, pizza oven, prep stations, and numerous additional chattels and equipment. A detailed equipment/chattels list will be provided to qualified buyers.Approximate rent is $17,000 per month all inclusive (including TMI) + HST if applicable, providing predictable occupancy costs. Buyers may continue the existing successful concept or bring virtually any cuisine, subject to landlord approval and plaza exclusivity, if any.A rare opportunity to take over a fully operational, turn-key establishment with strong sales, excellent exposure, abundant parking, and a beautifully finished interior in a sought-after commercial corridor. Ideal for restaurateurs, hospitality groups, franchise operators, or entrepreneurs looking for a ready-to-operate business with immediate revenue potential.
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Age Groups
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Owners vs Renters
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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$486/mo
Mortgage (principal + interest)$486
Minimum $6,500 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$26,000
Ontario land transfer taxProvincial brackets, no first-time refund$1,025
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$29,825
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Richmond Hill 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.
