3989 Highway 7 East
3989 Highway 7 East
$2,480,000
$225/sq ft · 43 days on market
About This Listing
This Chinese hot pot restaurant, located at 3989 Highway 7 in city of Markham, is the largest hot pot restaurant in North America . Spanning over 8,000 square feet, it has two floors, seven private rooms, liquor license, 312 seats. The owner invested heavily in the restaurant's luxurious renovation, featuring renowned designers, dazzling lighting, and the use of precious woods and marble, all meticulously crafted to highlight local culture. All tableware and furniture are exquisitely high-end. The restaurant offers accessible restrooms and high-rise children's seats, and a spacious staircase and elevator provide direct access to the second floor. Both floors have kitchens and freezers, and a separate loading ramp. The unique walkway design is truly impressive! Located in Markham's bustling commercial center, the restaurant is approximately 10 minutes from Highway 404 and less than 5 minutes from Highway 407. The surrounding area is densely populated, especially with a large Chinese population. The rent is very favorable, and the lease term is long. Adding barbecue or other specialty food services could be beneficial! Turn key business!
| Monthly Mortgage (P&I) | $10,805 |
| Property Tax (est.) | $1,343 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $12,148 |
Down payment: $496,000 (20.0%) · Mortgage: $1,984,000
Property tax rate: 0.65%. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by AIMHOME REALTY INC.
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Data last updated: August 23, 2026 at 12:25 a.m.