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For saleMLS® N13529236

200 Marycroft Avenue E 13, Vaughan, ON L4L 5X9

Pine Valley Business Park · L4L 5X9

$199,000

$133 / sq ft

4 months on market

Total area
1,500 sf
0

What's special

  • Yes

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About this property

This fully licensed and equipped "Lamasu Lounge and grill" restaurant is located in a busy plaza with ample parking at a high-traffic intersection, surrounded by commercial and residential areas. The restaurant has been completely updated and renovated, making it a turnkey operation with steady sales growth and significant potential for further expansion. While currently operating as a lounge and grill restaurant, the space can be converted to various other uses, subject to existing exclusivities. It includes a transferable liquor license for up to 28 patrons and is suitable for breakfast, lunch, parties, and catering. The lease terms are approximately $3,790.84 per month, including TMI and HST, and is valid until 2027, with all deals subject to landlord consent and approval. All chattels and equipment are included, with a list provided upon an accepted offer. This business is perfect for families and newcomers seeking a thriving restaurant with solid growth potential. Don't miss this exceptional opportunity!

Property details

Property

Property type
business
Interior size
1,500 sq ft
Zoning
GMU
Possession
Immediate

Interior

Heating
Gas Forced Air Closed
Cooling
Yes

Costs

List price
$199,000
Property taxes
$2,794 / year (2025)
Price per sq ft
$133

Listing

MLS® number
N13529236
Status
For sale
Listed
July 6, 2026
Days on market
121
Last updated
July 31, 2026
Listing brokerage
HOMELIFE KINGSVIEW REAL ESTATE INC.

Price & sale history

This property's sale history is hidden

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 49% of comparable business for sale listings in Vaughan are asking less.

$63KMedian $199K$520K
This home
$133 / sq ft
Comparable median
$131 / sq ft

Based on 86 comparable active business for sale listings in Vaughan. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $9,950
$9,950
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$1,045.29
Property tax (est.)
$232.83
Estimated monthly
$1,278

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$1,715
Total due on closing
$1,715

An estimate on the asking price of $199,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of HOMELIFE KINGSVIEW REAL ESTATE INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$199,000

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