For Sale

401 Magnetic Drive Unit# 39-40, Toronto W05, Ontario M3J 3H9

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401 Magnetic Drive Unit# 39-40, Toronto W05, Ontario M3J 3H9 is For Sale and has a listing price of 299,000. The property is located in the York University Heights neighbourhood . It's been on the website for 1 Day.

  • Sale Of Business
    Property Type
  • 2
    Bathrooms
  • MLS ID: W12039304
  • Office Name KW Living Realty
Property 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.

Property Details
  • MLS ID: W12039304
  • Bathrooms: 2
  • Price: $299,000
  • Lot Depth: 1
  • Transaction Types: For Sale
  • Ref ID: W12039304
  • Year Built: N/A
  • Dir / Cross St: Dufferin St & Steeles Ave W
  • Status: Active
  • Tax Year: 2025
  • Property Type: Sale Of Business
  • Property Type: Commercial
  • Property Sub Category: Business
Price History
List Date MLS ID List Price Status End Date Closed Price
03/25/2025 W12039304 $299,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
York University Heights
  • $817,922 Average List Price
    based on 1 year
  • 92 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 1.85 % Up
  • Sold (12mo) 96
  • Rented (12mo) 61

  • 1 Month Change -
  • 3 Month Change +43.8%
  • 6 Month Change +1.1%
Walkscore
Property Type Distribution
  • All Houses
    17.58%
  • Commercial
    25.44%
  • Condo
    56.98%
Additional Details
  • Heat Type Gas Forced Air Open
  • Washroom Type1: 2
  • Heating System Y
  • Garage Type Outside/surface
  • Taxes: $1
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Immediate
  • Listing Entry Date: 25/03/2025 00:09:16
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