For Sale
16655 Yonge Street 21 #21
Armitage, Newmarket, ON
$158,000
0Bd
0Ba
—sqft
CommercialMLS# N12832658Listed 2026-03-0251 DOM
On the market for 51 days — longer than average. The seller may be open to negotiation.
About this home
Excellent Turnkey Business Opportunity In A High-Traffic Plaza With Strong Anchor Tenants And Ample Parking. Prime Location With Easy Access To Hwy 404 And Surrounded By Residential Communities And Thriving Retail Businesses. Currently Operating As A popular Thai-Style Rolled Ice Cream And Waffle Dessert, Bubble Tea Concept. Beautiful Open-Concept Unit Featuring High Ceilings, Modern Décor, And Vibrant Interior Finishes. Includes 3 Washrooms, Rear Entrance, And Ample Storage Space. Very Clean And Well-Maintained. Flexible Layout Offers Potential To Convert Into A café, Dessert Bar, Or Other Retail/Food Concept (Subject To Landlord Approval). Ideal For First-Time Entrepreneurs Or Experienced Operators Seeking A Prime Location With Strong Exposure And Steady Traffic.
Features
- Yes
Financials
Annual Taxes
$0
Estimated Rental Income
Entire property$2,500 – $8,000/mo
Rental yield19.0% – 60.8%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Newmarket
Days on market51 days
Buyer's MarketSeller's Market
Based on active listings in Newmarket. Data updates daily.
Demographics — Newmarket
Population
87,942
Avg Household Income
$118,000
Age Distribution
0-19
22%
20-34
17%
35-49
20%
50-64
22%
65+
19%
Ownership76% own · 24% rent
EnglishFrenchFarsiRussianMandarin
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
64
/ 100
Walk Score
Somewhat Walkable
41
/ 100
Transit Score
Some Transit
46
/ 100
Bike Score
Somewhat Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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