401 Magnetic Drive Image 1

$299,000

3 days agoSale Of Business For Sale
bedroomsbed
washrooms0bath
MLS - #W12039304

401 Magnetic Drive, Toronto W05, ON M3J 3H9

0
Similar Homes Found
$0
Average Price
29900000.0%
Higher than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Property Description

Property type

Sale Of Business

Lot size

N/A

Style

Approx. Area

N/A

About 401 Magnetic Drive

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.

Home Overview

Last updated

3 days ago

Virtual tour

None

Basement information

Building size

1402

Status

In-Active

Property sub type

Sale Of Business

Maintenance fee

$N/A

Year built

--

Listed by KW Living Realty

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Open
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$1141.98/ month
$239,200 Principal and Interest
$287,040 Property Taxes

Location

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