Address
3991 Major Mackenzie Drive, Vaughan, ON
Price
$ 248,000
Property Attributes
  • ID#N13433964
  • TypeCommercial
  • Listing Status Price Change
  • CityVaughan
  • AreaVellore Village
  • NeighbourhoodVellore Village
  • Postal CodeL4H 4G1
  • StyleRestaurant
  • Taxes$ 11584
  • Price$ 248,000
  • Bedrooms0
  • Full Bathrooms2
  • Half Bathrooms0
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

Exceptional opportunity to acquire a fully equipped, turnkey restaurant and hospitality space in a prime Vaughan location, approximately 10 minutes from Canada's Wonderland.Ideal for an established restaurateur looking to open a second or third location, expand an existing brand, introduce a new concept, or enter the Vaughan market without the significant time and cost of a full build-out. The space may also suit a pizzeria, bakery, café, franchise concept, banquet or event operator, catering business, hospitality group or owner-operator, subject to landlord approval and permitted use. The premises offer approximately 3,300 sq. ft. of beautifully renovated space, approximately 128 seats, an outdoor patio, 20+ parking spaces, liquor licence, wood-fired pizza oven, walk-in fridge and freezer, full commercial kitchen, plus extensive furniture, fixtures, equipment and inventory. Significant investment has already been made in the leasehold improvements and restaurant infrastructure, giving the next operator the opportunity to rebrand, introduce their own concept and begin operating without taking on a major build-out. Located in a high-traffic Vaughan area surrounded by established residential communities and commercial amenities. The business is being sold together with the assignment of the existing lease, running until 2029 with renewal options, subject to landlord approval.

Price History
6/11/2026 Listed $375,000
8/7/2026 21$298,000
8/26/2026 17$248,000

General Features

Cooling Yes
Utilities Yes
Heater Type Gas Forced Air Closed
Property Subtype Sale Of Business
Tax Year 2025
Lot Depth 0.0
Business Type Restaurant
Business Name Spizzico Ristorante
County York
New Construction No
Property Type Commercial
Attached Garage No
Garage Y/N No
Status Price Change
City Vaughan
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 11584.54
Standard Status Active
Occupancy Type Owner

Interior Features

Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Elevator? No
Total Baths 2
SeatingCapacity 128

Exterior Features

Garage Type Plaza
Spa No
Waterfront Y/N No

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in L4H 4G1

Price
AVG $250K
$250K
Visits
AVG 1
255
Data Provided by Inside Real Estate®