401 Magnetic Dr

LocationYork University Heights, M3J 3H9
$299K For Sale
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Description

This profitable, turn-key restaurant, bar and event venue offers a dynamic business model that caters to diverse customer needs throughout the day and night. During the day, it can be operated as a vibrant restaurant with a full-equipped kitchen, serving delicious meals in a welcoming environment. As the sun sets, the venue transforms into a lively bar, featuring DJ sets and live music to create an exciting nightlife experience. With a focus on private events, this venue is perfect for hosting corporate functions, birthday celebrations, and other special occasions. The current liquor license allows for the smooth operation of both the restaurant and bar, making it an attractive option for those looking to enjoy a drink with their meal or celebrate in style. The space is fully equipped and ready to run, providing a seamless transition for a new owner. Additionally, there is an opportunity for expansion with an adjacent 2,000 sq ft of space that is secured under the current lease with the landlord, offering potential for growth and additional revenue.

Features

  • Business Type
    Category: Bar/Tavern/Pub
  • Commercial Total Area
    Total Area: 1,402 sqft
  • Commercial Retail Area
    Retail Area: 1,402 sqft
  • Number of seats
    Seats: 60
  • Commercial Parking Types
    Parking Types: Outside/Surface
  • Bathrooms
    Bathrooms: 2

Details

  • Commercial Zoning
    Zoning: Commercial
  • Tax Amount
    Tax: $ 1
  • Commercial Condo Maintenance
    Maintenance: $ 1
  • Business Hour
    Business Hours: 5 p.m-12 a.m.
  • Business Opening Days
    Opening Days: Open 6 Days
  • Alcohol Allowed
    Alcohol Allowed: Y
  • Number of Employees
    Total Employees: 10
  • Commercial Features
    Features: Major Highway, Public Transit
  • MLS
    W12039304
  • Listing contracted with: KW Living Realty

Transit Accessibility

York University Go Train Station (1km)

Location