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Executive Summary

Outstanding opportunity to acquire a busy, fully operational restaurant situated in a high-visibility corner unit directly across from Upper Canada Mall. Recent 2025 renovations include premium-grade equipment, fixtures, and modern finishes throughout the interior.
This 2,600 sq. ft. space is fully fixtured and currently operating under a well-recognized franchise model, with the flexibility to rebrand subject to landlord approval. The layout accommodates seating for 86 guests indoors, plus an additional 56 seats on the spacious patio, creating an inviting environment for year-round dining.
The sale includes all chattels, kitchen equipment, small wares, POS system, and a fully equipped kitchen featuring a commercial hood and exhaust system. A transferable liquor license is in place. The property offers a favorable lease structure with rent at $28 PSF net and approximately $9,066.37/month (including TMI and water) plus HST. Over nine years remain on the current term, with a renewal option available for long-term security.
This is a turnkey operation ideal for experienced operators or investors looking for a thriving, high-traffic location in a strong retail corridor.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
17,350 SF
Building Class
C
Year Built
1984
Price
$369,900 CAD
Price Per SF
$21.32 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.65 AC
Zoning
CR - Commercial Retail
Parking
110 Spaces (6.34 Spaces per 1,000 SF Leased)
Frontage
274’ on Davis Dr

Amenities

  • Pylon Sign
Moderately walkable
60/100
Exceptionally drivable
100/100
Strong public transit
80/100
Moderately bikeable
60/100

Nearby Major Retailers

Starbucks
Tim Hortons
GoodLife Fitness
Weight Watchers
Montana’s BBQ & Bar
St. Louis Bar & Grill
Stacked Pancake & Breakfast House
Jenny Craig
Royal Bank of Canada
Moxies
  • Listing ID: 40540848

  • Date on Market: 2026-05-15

  • Last Updated:

  • Address: 340 Eagle St, Newmarket, ON L3Y 7M9

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