20
401 Magnetic Drive, #39-40
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$299,000 Sale
Listed 64 days ago
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· 2
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Listing History
Buy/Sell/Terminated/Expired listing history for 401 Magnetic Drive, #39-40
Key Facts
Key facts for 401 Magnetic Drive, #39-40
Property Type
Commercial
Parking
Outside/Surface
MLS #
W12039304
Size
-
Basement
-
Listed on
2025-03-24
Lot size
1 x 1.0
Tax
$1 /yr
Days on Market
65
Approximate Age
-
Maintenance Fee
-
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. A...s 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.
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Interior
Washrooms
2
Heating Fuel
Gas Forced Air Open
Air Conditioning
Yes
Exterior
Depth
1.0
Front
1.0
Lot Size
1 x 1.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
Outside/Surface
Garage Spaces
-
Zoning
Commercial
Building Description
Home Type
Commercial
Subtype
Sale Of Business
Sewers
Sanitary
Water Supply
Municipal
Possession Date
No Data
Community
Community
York University Heights
Taxes & Fees
Taxes
$1 /yr
Tax Year
2025
Occupancy
Owner
Courtesy of: KW Living Realty