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16775 Yonge Street
Central Newmarket Newmarket L3Y 8J4

$299,000 /For Sale
Commercial

Main Photo: 16775 Yonge Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12948710
Photo 1: 16775 Yonge Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12948710
Photo 2: 16775 Yonge Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12948710
Photo 3: 16775 Yonge Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12948710
Photo 4: 16775 Yonge Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12948710
Photo 5: 16775 Yonge Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12948710
Photo 6: 16775 Yonge Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12948710
Photo 7: 16775 Yonge Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12948710
Photo 8: 16775 Yonge Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12948710
Photo 9: 16775 Yonge Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12948710
Photo 10: 16775 Yonge Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12948710
Photo 11: 16775 Yonge Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12948710
Photo 12: 16775 Yonge Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12948710
Status:
Active
Prop. Type:
Commercial
MLS® Num:
N12948710
Bus Major:
Hospitality/Food Related
Excellent opportunity to acquire a well-established Chinese fusion restaurant in a prime location in Newmarket. Offering approximately 2,606 sq. ft., this turnkey space features a fully equipped commercial kitchen, suitable for a variety of cuisines. Over $400,000 invested in renovations, showcasing a nicely updated interior with a warm and inviting dining atmosphere. Established business with a steady and loyal returning clientele, consistent operations.Situated on a high-exposure main corridor, surrounded by established residential neighborhoods and benefiting from steady local traffic. Convenient access to public transit enhances accessibility. Strong future growth potential with the newly developed Mulock Park (approx. 16 acres), a landmark community destination featuring year-round recreational amenities, cultural spaces, walking trails, and green open areas, with anticipated opening in Summer 2026. The upcoming Galleria Supermarket will open nearby, bringing more activity and customers to the area. This is a turnkey restaurant opportunity in a growing, high-demand location. Includes underground parking and a private underground storage room.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Total Area:
2606 sq. ft. Square Feet
Total Area:
2,606 sq. ft.
Retail Area:
100 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Electric Forced Air
Garage:
Outside/Surface
Possession Details:
TBA
HST Applicable To Sale Price:
In Addition To
Type Taxes:
TMI
Taxes:
$0 / 2026
Assessment:
$- / -
York
Newmarket
Central Newmarket
Major Highway, Public Transit
Yes
Most chattels and equipment are included as viewed. A detailed chattels list will be provided upon acceptance of an offer.
This is Sales of Business w/o property.
Utilities:
Yes
Energy Certification:
No
Green Property Information Statement:
No
Air Conditioning:
Yes
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
Yes
Financial Statements:
No
Major Business Type:
Hospitality/Food Related
Category:
Multi-Use
Franchise:
No
Chattels:
Yes
Date Listed:
Apr 02, 2026
Original Price:
Previous Price:
  • Photo 1: 16775 Yonge Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N12948710
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Listed by HOMELIFE LANDMARK REALTY INC.
Data was last updated April 4, 2026 at 10:15 PM (UTC)
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.