39-40-401 Magnetic Drive, Toronto | Image 1

39-40-401 Magnetic Drive

Toronto, York University Heights

  • Commercial

$325,000
For Sale

Added 1 week ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Bar/Tavern/Pub

  • Zoning: Commercial

  • Age: No Data

  • Taxes: 45448.56

  • MLS®#: W11950152

  • Added: Jan 31, 2025 (1 week ago)

  • Updated:

  • Last Checked: 4 hours ago

  • Listed By: HOMELIFE FRONTIER REALTY INC.

Rare Opportunity. Established Restaurant & Bar for Sale! This Restaurant & Bar Offers a Modern, Luxuriously Designed Space, Featuring a Fully Equipped, Fully Renovated Interior, State-of-the-Art Sound and Lighting Systems. This place is excellent for selling food, beer, and liquor as well as for any private events.And also it can be rented out for all kinds of events and occasions with DJ-playing music or music band playing all year round. Perfect for Entrepreneurs Looking to Own a Turnkey Entertainment Business with Proven Profitability. Every Equipment inside the restaurant & bar is included in the listing price. The rent is very low just more than 3K including TMI & Tax. The lease is very new (5 years & 5 years option)

Extras

Buyer shall pay Security Deposit($30,273.32) back to the Seller.

Property

  • Status: Sale

  • Type: Bar/Tavern/Pub

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: Toronto

  • Community: York University Heights

  • Availability Date: TBA

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Gas Forced Air Open

  • Elevator: None

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Taxes: $45,449

  • Taxes Type: T.M.I.

Land

  • Cross Street: Steeles Ave W and Du

  • Municipality District: Toronto W05

  • Sewer: Sanitary

  • Zoning: Commercial

Commercial Specific

  • Number of Employees: 10

  • Rail: N

  • Retail Area: 1402

  • Retail Area Metric: Sq Ft

  • Sprinklers: Y

  • Total Area: 1402

  • Total Area Metric: Sq Ft

  • Hours Open: 17PM -2

  • Industrial Area Metric: Sq Ft

  • Office Size Metric: Sq Ft

  • Days Open: 6

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Unit

  • Seats: 100

  • Business/Building Name: JAY JAY VENUE

  • Financial Statement: N

  • LLBO: Y

Map of 39-40-401 Magnetic Drive, Toronto
JK-4

Wilmington Elementary School

Elementary: Public
2.01 km
JK-8

St Joseph The Worker Catholic Elementary School

Elementary: Catholic
1.95 km
JK-8

Charlton Public School

Elementary: Public
1.58 km
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Our Lady of the Rosary Catholic Elementary School

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1.29 km
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Glen Shields Public School

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Louis-Honore Frechette Public School

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3.49 km
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Northview Heights Secondary School

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2.42 km
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St Elizabeth Catholic High School

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2.54 km
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