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Home ON Greater Toronto Area Toronto North York York University Heights
39-40 - 401 MAGNETIC DRIVE
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39-40 - 401 MAGNETIC DRIVE $299,000
$299,000
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39-40 - 401 MAGNETIC DRIVE
Toronto (York University Heights), Ontario M3J3H9

MLS® Number: W12039304
2
Bathrooms
1402
Square Feet

Listing 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. (40108013)

Location Description

Dufferin St & Steeles Ave W

Property Summary

Property Type
Business
Square Footage
1402 sqft
Community Name
York University Heights
Land Size
Unit=1 x 1 FT
Annual Property Taxes
$1
Time on REALTOR.ca
8 days

Building

Bathrooms
Total
2
Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Other (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Business
Business Name
Jay Jay Venue
Business Type
Restaurant (Bar/tavern)
Neighbourhood Features
Amenities Nearby
Highway, Public Transit

Measurements

Square Footage
1402 sqft

Land

Lot Features
Frontage
1 ft
Land Depth
1 ft
Other Property Information
Zoning Description
Commercial
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
PETER NGUYEN