3991 Major Mackenzie Drive in Vaughan: Vellore Village Commercial for sale : MLS®# N13433964

Vaughan has grown into a powerhouse in recent years as they have beefed up the Vaughan Metropolitan Centre offering more transit options to its residents.  New developments were highly sought after and many sold out quickly.  Assignment are a great way to purchase in a new development that has sold out.  Assignments in Vaughan offer the chance to purchase in that new development that you did not get a chance to initially.  See below the most comprehensive list of Vaughan assignments available.

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3991 Major Mackenzie Drive
Vellore Village Vaughan L4H 4G1

$248,000 /For Sale
Commercial

Main Photo: 3991 Major Mackenzie Drive in Vaughan: Vellore Village Commercial for sale : MLS®# N13433964
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Status:
Active Under Contract
Prop. Type:
Commercial
MLS® Num:
N13433964
Bus Major:
Restaurant
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.
Minimum Rental Term:
60
Maximum Rental Term:
60
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Retail Area:
3342 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Bathrooms:
2.0
Water supply:
Municipal
Zoning:
C4 Neighourhood Commercial
Heating type:
Gas Forced Air Closed
Garage:
Plaza
Possession Details:
TBD
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
TMI
Taxes:
$11,584.54 / 2025
Assessment:
$- / -
York
Vaughan
Vellore Village
All existing restaurant chattels and equipment owned by the Seller, including but not limited to: wood-fired pizza oven, commercial stoves, grill, deep fryer, convection oven, walk-in fridge, walk-in freezer, refrigerators, freezers, ice machine, dishwashers, espresso machine, espresso grinder, meat slicer, pizza preparation equipment, bar equipment, tables, chairs, televisions, and related restaurant equipment.
Security monitoring contract, vegetable garden in the back and olive trees excluded from the sale.
None
Utilities:
Yes
Energy Certification:
No
Green Property Information Statement:
No
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
Yes
Business/Building Name:
Spizzico Ristorante
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
No
Days Open:
Open 6 Days
Hours Open:
Operating 6 days per week dinner service.
Employees:
0
Chattels:
Yes
LLBO:
No
Outside Storage:
No
Seats:
128
Date Listed:
Jun 11, 2026
Original Price:
Previous Price:
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Listed by RE/MAX WEST REALTY INC.
Data was last updated October 16, 2026 at 06:15 AM (UTC)
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